Current market status: We are standing at a historical turning point. Bitcoin has great potential, and market fluctuations are temporary adjustments.

Outlook for the next 18 months: Increased global liquidity and the influx of institutional funds will continue to drive the market, and the prospects are promising.

Investment advice: It is crucial to choose potential fields and early projects, and invest with focus and caution.

1. After large-scale deleveraging, the market is about to start

2. Key indicators: MVRV, BTC's MVRV ratio is 1.5, indicating that the market is relatively undervalued.

3. Favorable stimulus from global liquidity

4. Impact of the election cycle

5. New purchasing power from FTX (US$12 billion to US$14 billion in compensation claims from FTX are expected to flow into the market in October and November 2024.)

6. BTC price after halving (In the first year after halving, the market rises rapidly; in the second year, the increase begins to slow down; in the third year, the price remains roughly the same; in the fourth year, the price will fall sharply. Prices usually peak around 500 days after halving. If this cycle follows the same pattern, the market may peak around October 2025.)