After Powell's speech caused a sharp drop, Eastern countries are waking up. Japan's interest rate hike expectations have not materialized, and the market rebound is tepid, indicating that Asian funds can no longer turn the tide. This is the result of being repeatedly worn down by the 'wolf is coming' scenario. We can basically conclude that this year's peak has been reached. As for where it will retrace to and when it will start to rise next year, we can take our time to study it in January. The next ideal high point is around 103,000, for reference only.

Don't be too pessimistic. In January, there will be the inauguration of the 'smart king.' This time, the 'smart king' is truly coming to be the emperor, with both the Senate and the House of Representatives under his control. This will make it easier to push through congressional matters. Today, Powell stated that the Federal Reserve does not have the qualification to purchase Bitcoin and does not wish to promote this, but if Trump insists on pushing legislation in Congress, this is not impossible. Therefore, the negative news we see today may actually represent future positive news.

Additionally, in January, there will be FTX payouts. This 16 billion U or fiat currency payout will partially flow back into the crypto circle. Coupled with the resumption of the US ETF, it is evident that there are still expectations for the market in January. Thus, this pit is likely to be...