About the bull bear cycle, we all know that after the BTC Halving will usher in a big bull, but most people often can't copy the bottom, but if it can't be at the bottom, it will be washed back and forth by the dealer, and before the market To The Moon, dealer will definitely explode and wash retail investors, basically no matter how many rounds of Bull Market you stay, it is impossible to hold, but as long as you have the concept of the bull bear cycle in your heart, you can basically grasp the big cycle, and make money will be at hand. Therefore, I personally think that the Spot cycle is always the most important, not the point.