When will the continuous bull market of 2025 come?

The price of Bitcoin has been extremely volatile recently, like a roller coaster, soaring at times and crashing at others. From the fantasy of reaching '100,000 dollars' to the overnight liquidation of hundreds of thousands of retail investors, the market changes are astonishing.

At 6 AM yesterday, a spike in Bitcoin suddenly dropped down to 89.7k and quickly rebounded, precisely puncturing the long leverage that had been smugly hidden below 90,000 dollars the previous day. In the evening, the U.S. non-farm payroll data was below expectations, indicating a poor economy that urgently needs interest rate cuts to stimulate recovery. Bitcoin responded with a rise, returning above 100k overnight; this is clearly a healthy deleveraging. The washout did not cause panic. Various sectors did not collectively abandon ship; instead, there were mixed rises and falls.