The bull market has actually been ongoing!

Since the beginning of this year, BTC has been fluctuating at a price level for almost half a year.

Trump's election has driven the market to start, which means the bull market has entered its mid-stage.

According to past patterns, similar market conditions generally last around 3 months to about 100 days. Unless there are particularly unexpected new situations, this time is likely to follow that timeline.

It is expected that by the end of January to early February 2025, this round of market may be coming to an end.

However, don't fixate too rigidly on specific time points. The theoretical cycle of a major bull market for BTC is expected to end around November 2025, which coincides with the Federal Reserve's interest rate cut cycle, possibly bringing more funds into the market.

Therefore, by the end of next year, there is a high probability that there will be another wave in the market.

This wave may break through the early 2025 highs and initiate a stronger bull market; or it may just reach a price similar to the beginning of the year, forming a "double top" scenario. Whether or not new highs can be achieved will largely depend on how attractive the stories the market can tell next year are and how much capital can be attracted into the market.

Regardless of how the market actually moves, there are opportunities every year, and black swan events occur every year as well. It's best to take profits when you're close; keep your perspective long-term. Trying to make all the money at once has a very low probability.