Analyst: BTC's four-year halving cycle remains an important factor affecting price trends, with the current key support range being between $72000 and $73000

According to Cointelegraph, although investors are generally concerned about the current correction, Bitcoin's historical bull market cycle remains intact and may only be a temporary "oscillation" before the next round of gains. Analysts at Bitfinex pointed out that several key technical indicators have turned bearish at present, leading people to speculate that the bull market cycle may end prematurely. However, the 4-year cycle of Bitcoin is still an important factor, which historically will influence the price trend. The past trend shows that now is not the beginning of a long-term bear market, and $72000-73000 is still a key support range. Global treasury bond yield and stock trends may determine the next major trend of Bitcoin.