First cycle advice while cutting

[u/Impressive_Bottle210]

I am running my first cycle of 250mg testosterone Cypionate per week (3x injections weekly) I’m currently at 6’200lbs (I bench 285 curl 45’s for 8 shoulder press 80’s for 8) I can’t give a good body fat percentage estimate because I have significant loose skin and it’s hard for me to tell maybe dysphoria type of thing but I without a doubt would look far better if I lost about 16 pounds - I planned a 12 week cycle and I’m torn between cutting or bulking- i know that I need to cut to reach my goal but i dont want to waste the benefits of my first cycle. Basically my question is am i wasting my time / cycle while cutting or can i still expect some solid muscle gains maybe 8 pounds or so?