Is this your reason for being bullish to 100,000 in Q4?

1. US Elections: Over the past decade, we've experienced two presidential terms with Trump and Biden, and BTC has gone through two rounds of bull and bear cycles, which has nothing to do with who the president is.

2. Employment Improvement: Whether there will be a soft landing should be observed at least until next year; a declining unemployment rate has actually slowed the pace and extent of interest rate cuts.

3. New Highs in US Stocks: It's normal for the crypto market to lead the decline independently; if US stocks rise, it’s like this, so what happens if they fall?

4. Large Inflows into ETFs: The recent large inflow into BTC hasn't resulted in much price increase, indicating that there is also significant capital leaving the market. Grayscale's clients have also experienced paper losses; is BlackRock really making money?

5. Weekly MACD Golden Cross: Totally meaningless; a golden cross can still lead to a death cross afterward.

6. Price Trends After Halving: The key factor affecting the long-term trend of coin prices is no longer halving, but monetary policy. The duration of this monetary policy, whether increasing or decreasing interest rates, is much longer than in the previous cycle, and the adjustment period will also be lengthy.

The core driver of crypto prices is the liquidity brought by monetary policy. The balance sheet reduction continues, the dollar is strongly rebounding, interest rates remain high, and QE is still far away. We are nowhere near a time to welcome a bubble, yet the coin price has risen from 15,500 to 68,000. I really can't find any reason to buy coins now!