The big trends are here:

(1) The Federal Reserve's rate-cutting cycle is still ongoing, with three potential cuts in 2025, possibly in March, June, and September.

(2) Trump is about to take office, and the expectation of BTC being included in the national reserves remains (regardless of whether it can be realized).

(3) In the long term, the consensus on BTC continues to grow:

3.1 After Trump takes office, U.S. tariff policies exacerbate de-globalization, prompting other central banks to buy BTC.

3.2 The expansion of debt pressure affects the credit of the dollar, strengthening the position of BTC.

Be patient, hold on, do not miss out, and do not short.