The recent performance of the crypto market has indeed caused many to break down. Bitcoin fell below the $88,000 support level, and mainstream coins followed suit, collectively declining. Many investors are torn between cutting losses and holding their positions. But if you truly understand cycles, you wouldn't be so panicked right now.

As an analyst who has been tracking cycle fractals long-term, I want to say—this round of correction is not a bear market signal; rather, it resembles the final shakeout phase of the fifth cycle consolidation. The real turning point may be brewing within this critical window of 2025-2026.

Let's look at the most core data. Bitcoin's "Four-Year Cycle" is not some mysticism but a pattern embedded in the halving mechanism. Every time 210,000 blocks are mined, the miner reward is halved. This supply contraction objectively creates cyclical upward pressure. From the first halving in 2012 to the fourth halving in April 2024, the first four cycles have followed a similar rhythm: typically reaching a cycle high 12-18 months after halving, with a painful period of sideways consolidation in between.

The current position is very interesting. It has been nearly 18 months since the fourth halving in April 2024, and we are precisely at a critical point—"end of consolidation, just before a breakout." This is no coincidence.

Some might say, "It's fallen so much, what breakthrough are we talking about?" The key is that cycle fractals are not about prices necessarily repeating exactly, but about structural similarities. Looking back at previous cycle consolidation phases, you'll see—was any of them not nerve-wracking? During the 2017 cycle consolidation, Bitcoin once sharply retraced from its high, and the fear was no lighter than now. But what happened next? The structure completed, and a new cycle began.

Will history repeat? Not necessarily exactly. But structural opportunities often emerge at the tail end of chaotic periods.