#美国就业数据不及预期 The Final Madness in the Bitcoin Cycle

Currently, Bitcoin is fluctuating around 126,000, and many people haven't realized yet—this might just be the beginning of this rally.

Falling back from 126,000 to 80,000, a 37% correction, looks frightening, but looking back at history makes it clear. Over the past two years, similar corrections of around 30% have occurred several times, each followed by a jaw-dropping surge. The market's temperament is actually quite predictable.

The current situation is precisely the craziest part of the late bull market.

Looking at the longer term: in 2017, it took just three months to surge from 2,800 to 20,000; in 2021, 13,000 doubled to 58,000 in three months. The story of each major upward wave is similar—igniting when everyone is hopeless, then quietly exploding.

The current background is even more interesting: ETFs are continuously accumulating, M2 is still expanding, and the Nasdaq has hit new highs. These three signals together are the most typical signs of late-stage bull markets. Plus, with the Fed's usual game of saying one thing and doing another—hawkish rhetoric paired with dovish actions—the outcome of this feast is becoming increasingly clear.

The main players are intentionally creating fatigue, which is actually the last window for institutions and funds to jump in. Retail investors rushing to cut their losses during the correction will only realize later what they missed.

Bitcoin's rhythm has never changed: each major upward wave completes within three months, and every rally starts from despair. This round, the target of 180,000 to 240,000 might come faster than expected.