The current trend was blocked and fluctuated for two months at the 3/8 line of circular motion mentioned above. This line is also the position where the bull market ended in 2021. The first time it encountered this line in 2021, Bitcoin pulled back 50%. It failed to hit this line again, ending the bull market. The current trend encountered this line again.

In addition to the strong pressure of 3/8, another strong pressure is that the monthly consolidation divergence section has not been broken. If the divergence is established, the adjustment will be super large, and it will be a large correction of at least another 50% drop in the intermediate level. Before each halving, there will be a large correction in the third section of the large center. Whether this year's halving will be a sword-seeking sword in the third section of the center is still unknown.

The sword-seeking sword in the third section of the center, the correction in 2021 was to the 1/4 line position. If it is corrected this time, it may also return to the 1/4 line position, near 49,000. Can the sword be sought?

From the circular motion, it is obvious that Bitcoin needs to break through and stand firm at $100,000 (that is, the 1/2 position) to start a technically unresistance bull market.