The next wave of Bitcoin’s rise will definitely be different from the previous one—it won’t give you the chance to react and build a position. The position I entered at 58,900: during the first wave, I also thought it would go down to 55,000, but it didn’t. Then in the second wave it reached 57,800, and I thought it would fall again. In fact, once that previous bearish candle failed to break below, it was already destined to be the final downswing. When everyone is waiting for the same kind of thing as in the last cycle, there’s a good chance it won’t follow the same old rules. For example, this round of altcoins is really pitiful—most of them have fallen by over a hundred times. So yes, cycles exist, but when everyone believes that everything in each cycle will remain unchanged, then there will likely be some differences. In the next round of Bitcoin bull market, the top will certainly reach 300,000. And if it goes to 300,000 and then drops again to around 126,000—the approximate peak of the last bull market—then the script will basically be the same. If you look at it through this logic, then the previous cycle’s altcoin sell-off was laying the groundwork for the next bull market!