Everyone, stay alert and be fully prepared in this market cycle! Recently, while monitoring the charts, I noticed a phenomenon: the recent upward trend of BTC's price chart feels a bit unsettling, reminiscent of the 2021 rally—it's like a replay of the classic double top pattern unfolding before our eyes.

To briefly explain what a double top is: the price pushes upward, forming the first peak, then slightly retraces, followed by another surge to a second peak, with both peaks nearly equal. This pattern appears to indicate that the bulls are still aiming to break new highs, but in reality, it signals that the main funds are gradually distributing at high levels. Once this pattern is confirmed, a downtrend is almost certain. During the 2021 rally, BTC used this tactic to attract many retail investors chasing the highs, but the subsequent free fall turned many accounts from profits into losses.

What’s even more concerning is the cyclical pattern. BTC follows a relatively stable 4-year cycle, with each halving event typically triggering a new rally. However, a key detail often overlooked in this pattern is that the top of each bull market usually occurs within 1 to 1.5 years after the halving, followed by a deep correction. 2024 just completed its fourth halving, and based on the timeline, we are now approaching a potential retracement phase.

From both a technical pattern and cycle perspective, the next three weeks are crucial. If the 4-year cycle remains valid, BTC has a high probability of testing support around $35,000 during this window. Historical data often proves more convincing than any prediction.