From a structural perspective, I can only say it's acceptable. I won't say this is some 'bearish level channel' nonsense; I can only say that Bitcoin has yet to break through the previous high area, and there is currently no clear market trend. I don't know how long the fluctuations will last.

What is the biggest problem? The time left for BTC in this cycle is not much. It is already the second half of 2025. Based on the previous four bull markets, even if there is a subsequent rise, there is less than half a year left. Not to mention that there is now a potential weekly double top possibility; it is directly possible that we are at the peak of the bull market, and a decline in the second half of the year is not impossible.

It's not that I'm anxious or anything; anyway, my daily profits come from short-term contracts. It doesn't matter if I can't make big gains in spot trading. If a bear market comes, I will just be swept out of my spot positions without making a profit.

However, compared to the excitement and madness of 2021, the spectacular scene of 'everything competing for freedom in the frost of heaven,' this round only sees BTC shining alone, which indeed disappoints many people. Coupled with the fact that the bull market's clock is nearing its end, the myth of wealth creation in the crypto circle has essentially gone bankrupt.

I don't believe Bitcoin's cyclicality has failed or ended this time. After all, when I entered the crypto circle at the beginning of the last bull market (2021), I heard almost the same assertion: once in April (and then 5.19), and the second time in November (and then the bear came after hitting 69,000). The claim was that 'Bitcoin will no longer follow past patterns and will enter a super cycle of eternal growth.' Emmmm........

Of course, it's not that this is 'strange' or 'unreasonable.' After all, this round of the bull market in the crypto circle has indeed seen no significant innovation. Since you haven't added enough value to the world, it naturally reflects in a lackluster price. You see, Buffett is right; aside from Bitcoin, which has solidified its value storage mechanism as 'digital gold' and gained market recognition to push its price up, other cryptocurrencies that have not made significant contributions, even Ethereum, will not perform well. In the long run, value determines price, and the market is very fair.

Continued attention$BTC $ETH $XRP
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