On a macro level, from the Federal Reserve's halt in interest rate hikes at the end of 2023 to the first rate cut in four years in September this year, the expectation of a "bull comeback" has been brewing countless times in the market; then during the U.S. election period, Trump openly called for support for cryptocurrencies, and Musk expressed his support for Trump. Although there is still some time before the public election takes place, polls indicate that Trump's victory seems almost "inevitable".

During this period, Bitcoin experienced a halving and also entered a cyclical upward trend. In this narrative-driven "financial market," these factors undoubtedly support Bitcoin's optimistic upward trajectory.

At the same time, on the technical front, Bitcoin first completed a new round of highs at the beginning of the year with the help of macro sentiment, and in the latter half of the year, it also spent several months testing the support of the 3-day and 5-day moving averages, proving through time intervals and market behavior that it has built a perfect upward base.

At this point, the timing, environment, and human factors are all in place.

Even now, it is still not surprising to frequently hear bearish voices in the market. After all, apart from the support of macro and technical factors, the dual nature of the market combined with human emotions has allowed this long-awaited bull market to continue. This also confirms Li Mu's long-held view that market trends can be traced.

So let the bulls cheer! This is just the beginning; although a Bitcoin price of 100,000 is still distant, an 80,000 Bitcoin price is not so unattainable.