The halving is coming. Historical experience tells us that before the halving, Bitcoin will often experience a round of decline of about 20%, with the main purpose of clearing leverage. After the halving, the market may enter a consolidation period of several months before a wave of rises. But even in the process of rising, there will be waves of leverage liquidation before a real sharp rise will start.

Many people often think that the bull market should rise all the way, and once there is a decline, they think the bull market is over. Therefore, in every bull market, retail investors often do not make much profit, which is largely due to lack of patience.

If this round of bull market really pushes Bitcoin to $100,000 or even higher, the whole process will be painful. Whether you hold spot or play contracts, you will suffer from lack of patience. You will watch your account funds over and over again, soaring today and halving tomorrow.