Bitcoin's "±500-Day Theory" (also known as the "Halving Cycle Theory") is a market analysis framework based on Bitcoin's halving events (occurring every four years, where the block reward is halved). It suggests that Bitcoin prices typically experience significant fluctuations within approximately 500 days before and after the halving, forming bull and bear market cycles. In response to your question, we will reanalyze whether Bitcoin might break the traditional cyclical bear market and enter a long-term bull run based on this theory, as well as the impact of major events since 2024 (such as ETFs and stablecoin policies) on the cycle. The following analysis will incorporate the ±500-Day Theory...