I have been monitoring the dynamics of Japan's interest rate hike information since the Golden Week on October 11. Because the halving day of this round of BTC and the last round both fall in April, if the laws of the larger cycle still hold, then October to December is basically the end of a bull market and the beginning of a bear market. The most important information that could completely bring BTC into the next bear market cycle is Japan's interest rate hike. After all, it has been nearly 10 months since the last interest rate cut, and a third interest rate hike in December or January is logical. This timing just happens to be the period that concludes the bull market phase of this larger bull-bear cycle.

If everything operates according to laws or principles, then the internal logic and connections of these events constitute the laws of its operation.