Regarding the bull-bear cycle, everyone knows that there will be a big bull market after the bitcoin halving, but most people often cannot buy at the bottom. If they cannot buy at the bottom, they will be washed back and forth by the dog dealers, and before the market takes off, the dog dealers will definitely wash out the retail investors. Basically, no matter how many rounds of bull market you have been in, it is impossible to hold on. But as long as you have the concept of bull-bear cycles in your mind, you can basically grasp the big cycle and make money. So I personally think that the cycle is always the most important for spot trading, not the point.