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Based on the four-year cycle theory, Bitcoin is now at a crossroads between two completely different trend directions.
One view is that the cycle timing has already arrived, and the bull market has officially ended. According to this logic, Bitcoin may retrace to around 35,000, Ethereum could retreat to the 500 level, and Dogecoin might face pressure to fall to 0.05. These are typical signals of the market shifting from hot to cold.
Another perspective is more optimistic—the bullish momentum has not yet been fully unleashed. If the market continues this pace, Bitcoin could surge to a new high above 300,000, which would rewrite the entire market's imagination.
These two paths are laid out here, and the choice of direction often determines subsequent holding strategies. What do you all think—are you inclined to exit conservatively, or to hold on and remain bullish?