According to Wu, QCP Capital Analysis pointed out that if there is a hawkish surprise at the FOMC meeting on the 21st, it will have a bearish impact on the BTC spot price. But the bull market is not over, we are in the midst of a broad liquidity rotation, which is likely to push BTC to a new high after the halving. However, given that there is still a lot of leverage, the short-term adjustment may be very drastic.