We will witness the replay of history together It's been a long time since I last carved a boat. In January, I combined macro level factors with on chain data and plotted a chart (see Figure 1 for prediction). 🔺 1. All developments are as written in the script (see Figure 1). The current inflation data is 2.4%, and PPI recorded a negative value today, bringing Bitcoin one step closer to a rate cut/recession. Bitcoin will soon enter the recovery start-up stage. 🔺 2. Compare the Btc between April 2021 and April 2025 According to the D/Total2 data, it can be seen that altcoins are completely in a bear market stage (see Figure 2), and the possibility of a rebound is much greater than a decline. 🔺 3. Based on the diminishing returns and the gold curve model, according to the model calculation, this bull market has not yet truly erupted (see Figure 3). By the end of 2025, the price of Bitcoin may climb to $186000; In 2026, the market may enter a bear market bottom and experience a negative zero crossing phenomenon. BTC