Recently, some voices in the crypto community have sparked quite a bit of discussion. Regarding whether Bitcoin can break through $200,000, I want to analyze it from the perspective of data and market structure.

First, the conclusion: this is not a question of "whether it will reach" but "when it will reach." But the premise is crucial—you need to abandon short-term speculative thinking and view it with a cyclical perspective. Many people focus daily on minute-by-minute price fluctuations, but this only leads to being thrown off by volatility.

From a technical standpoint, BTC's current trend is similar to the height before the silver breakout in 2025—all are brewing big moves after a long period of sideways trading. This is not a coincidence but a sign that the market is accumulating energy. More convincing are the actions of institutions. Look at BlackRock, which initially opposed but now actively promotes BTC; and the Norwegian central bank's low-key positioning... These structural signals are far more indicative than daily price fluctuations.

A simple piece of advice for ordinary investors: don't chase highs and go all-in; instead, participate through phased allocations, treating BTC as a "cornerstone" of crypto assets for long-term holding. This approach is much more reliable than obsessively watching the market and guessing prices every day. Those who constantly claim "it will reach $200,000 next year" often don't understand cyclical patterns. The crypto market never moves according to people's wishes; it has its own rhythm.

As for Meme coins, the market is about to undergo a reshuffle. Many low-quality projects will gradually be weeded out, and only a few projects with ecological value will survive. This is a process of market self-purification and a risk that investors must face.