If Bitcoin continues to maintain a four-year cycle, it is expected that the first and fourth quarters will experience two waves of significant market movements. However, if Bitcoin performs poorly in the first quarter of this year, and the overall trend remains weak throughout the year, it is likely to enter a slow bull or long bull phase, which also means that Bitcoin's four-year cycle may be broken.

The key still lies in Bitcoin's performance in the first quarter. Looking at the bear market, unless a major financial crisis occurs, there is not much reason to believe that the market will decline significantly. The U.S. cryptocurrency policy is being formulated and is expected to be gradually released. From the perspective of the larger cyclical trend, there is still a possibility of a wave of upward market movement!