Determining the phase of this Bitcoin bull market is very important. Is it the mid-point of the bull market or the end of the bull market? Many people judge based on daily candlesticks. This bull market started from 65,000 points and has risen about 50% since then, but it hasn't doubled yet, so it should be in the mid-point of the bull market. There will still be a main upward wave, directly seeing prices above 120,000. However, if you carefully observe the monthly candlesticks, you will realize that the 2024 bull market started from 15,000 points and has already risen 6 times to 100,000 dollars, which can be considered that the bull market has basically completed its main upward wave. Which viewpoint is more reasonable? We judge this bull market because a large amount of Wall Street funds entered the market, and the starting point for Wall Street funds entering the market was around 15,000 points. Therefore, this bull market should also be calculated from 15,000 points. Most of the Wall Street funds' entry costs are around 20,000 to 30,000, while 65,000 is just a deep adjustment during the bull market.