Actually, Just looking at $BTC alone, without considering the impact of the U.S. stock market, from November 2022 until now, $BTC's major bull market has lasted almost 3 years. Historically, this has also been one of the longest bull markets. I think that even though the halving every four years now has a weaker impact on $BTC's price, it doesn’t mean this cycle no longer exists. I mentioned some time ago that on the monthly or weekly chart, this position might see a big right shoulder forming, making one last breakout attempt, and then the right shoulder would officially be confirmed in early 2026. It’s roughly this kind of pattern. Let’s see if it actually plays out this way.