I think the bull market in this cycle will not be too fierce, because the Federal Reserve is unlikely to conduct aggressive quantitative easing and zero interest rates, but only slightly reduce interest rates. Combined with the interest rate cut, the US presidential election, Ethereum ETF and many other time points, we can make a rough prediction based on the Bitcoin market share chart, predicting that the Bitcoin market share will drop to about 43% by the end of the year (because of the ETF, the Bitcoin market share is unlikely to fall below 40%), then the alt season will probably be from the end of this year to the beginning of next year, and the market will collapse after the alt season, and the top should be in Q4, not the end of 25 as most people imagine.