Not all cycles are the same.
Sometimes there are bumps along the way. Sometimes everything moves faster, and sometimes slower.
I see that this cycle
speculation from ETFs and actual positive inflows have led to Bitcoin's price rising earlier than ever before (before the halving).
We had a mini altseason before the halving because the halving itself was much more well-known than in the past.
We are consolidating at previous highs longer than before (probably because we rose earlier than ever).
There are key differences, and it's difficult for newcomers to navigate this.
But many things are also exactly the same:
BTC is on its way and is actually still on track to rise much higher.
The overall structure of altcoin market charts largely repeats previous cycles at this time.
Bitcoin dominance is also at very similar levels at this time of year.
In essence, 2024 is in many ways similar to 2016 and 2020.
The problem that makes this extremely difficult for most is that they view each cycle as a definitive blueprint for the exact same day.
Even if history starts and ends the same way, it’s not allowed to differ in the middle.
Zoom out, be open to different scenarios, and adapt.
All I'm looking at right now is this:
"The longer the accumulation, the higher the expansion."
The early run made the current consolidation longer, but it will also make it stronger.
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