Last night, I reviewed some recent news and looked at the historical trajectory. My preliminary prediction is that Bitcoin is in the mid-term upward cycle after the 2024 halving. In the first half of the year, it experienced fluctuations to digest profit-taking, with significant volatility; in the second half, with ETF capital inflows, regulatory implementation, and Layer 2 advancements, it is gradually strengthening. The whole year is likely to see a pattern of initial suppression followed by a rise, with mainstream ranges between $50,000 and $120,000. Institutional expectations are diverging, making extreme surges unlikely, and the overall trend appears to be a slow bull market with oscillations. This is purely analytical, not investment advice.