#2025加密趋势预测 The market fluctuates, and some people always question whether the bull market has ended and reached its peak. Today, I will share my views from several dimensions:

Technical form: Judging from the general trend, the weekly structure has not yet shown a bull market peak model. Since the rise of 25,000 in September 23, the big cake has a five-wave upward structure. It is currently in a four-wave adjustment form. After completing this period of consolidation, there will be the last five waves upward.

[Sun] [Historical Trends] History will not repeat itself, but it is often surprisingly similar. In the year after the first three Bitcoin halvings, Bitcoin had a good increase.

[Sun] [Macro] The important hype narrative of this round of bull market is the US election. Trump's election will undoubtedly promote this round of bull market. No matter what his purpose is, whether it is using Bitcoin to repay US debt, or attracting crypto capital sponsorship, or using the crypto market to play a big chess game and enjoy a feast alone, it will not end this bull market as soon as he takes office. I think the combination of Trump + Vance + Musk will push the crypto market to a higher level in the next 8-10 years.

Funding: The 100,000 mark has become the market consensus pressure point. Although some long-term holders have taken profits and miners have shipped, they cannot stop the main funds from continuing to buy. At first, they built a large position of 30,000 Bitcoin, and continued to buy 60,000. 90,000 and 100,000 are still continuing to increase their holdings. Bitcoin ETF once surpassed gold ETF. This move undoubtedly shows the main capital's expectations for the future market. Remember that they are the world's top capital and will not be stupid enough to chase high prices.

To sum up, judging from multiple dimensions, the bull market has not ended yet. Since returning to Gate in February this year, we have publicly called for this year's big cake target to be 82500/100500 countless times. At first, many people questioned it and felt it was a joke. Facts speak louder than words. This round of bull market is completely different from the past. Global capital intervention and political intervention will surely help the bull market move forward. It is too early to talk about the bear market now. What we need to do next is to take advantage of the four-wave adjustment period of the weekly line and deploy low-priced chips on dips. Next spring when the flowers bloom will be the harvest season.