The Federal Reserve's 25 basis point rate cut this time, combined with the end of QT next year, marks a shift in monetary policy. The easing cycle is coming, and the US stock market is experiencing both volume and price increases. Gold has been bullish from 4200, and by 2026, it may even reach a level of $6,000 per ounce.

But this doesn't mean continuous celebration. The performance of Bitcoin makes this clear—dropping from a high of $126,200 to $80,000, a correction of nearly 40%. This is actually very normal. The market has always been like this—rises are inevitably accompanied by adjustments, and cyclical fluctuations are an iron law; unlimited growth is impossible.

Bitcoin has been rising for three consecutive years, and a technical correction back to $100,000 is within expectations. But the key issue is: if it doesn't break through the critical level of $126,200, the four-year halving cycle pattern will not change. According to this logic, October 2026 is very likely to remain the cycle's low point.

In other words, a major decline could last for about a year. This sounds a bit pessimistic, but for those who understand cycles, the end of next year is precisely the best opportunity to get in. As for target prices, the range of $30,000 to $60,000 is worth looking forward to.