For the trend of Bitcoin in 2025, almost all institutional analysts predict it to be very optimistic. The vast majority of analyses predict that Bitcoin can rise to $120,000 to $150,000, and there is even a small portion predicting it can rise to over $200,000. Personally, I would like to take a contrary view. In fact, the current market capitalization of Bitcoin has already grown quite large, and the main source of market momentum comes from the US stock market. Therefore, the trend in 2025 will largely align with the US stock market. I am not optimistic about the performance of the US stock market in the new year. First, the Federal Reserve's interest rates remain high. Although there will be three rate cuts in the fourth quarter of 2024, US Treasury yields continue to rise, which poses a serious threat to the stock market. Additionally, the US economy has already been in a high-interest-rate environment for about two years, showing signs of fatigue. Therefore, after experiencing two years of bull markets in 2023 and 2024, it is possible that the US stock market may enter a correction bear market in 2025. If there is a correction in the US stock market in 2025, will Bitcoin also face a correction year after experiencing several-fold increases in 2024? Thus, $108,888 could indeed be the peak in 2025, and the majority of time in 2025 may oscillate and stabilize between $78,888 and $108,888. Of course, this judgment is only valid if it can break below $88,888 in January, so the first half of January is a crucial time point to see if it can effectively break below $92,888.