In the short term, research by Bloomberg analysts shows that the Bitcoin ETF has a high probability of passing in January next year. Combined with the current SEC actions, this is becoming the consensus of most people in the market. The crypto market has strong bullish sentiment and the price of Bitcoin Continuously receiving support; at the same time, as Bitcoin continues to rise, it is affected by the options market, which further amplifies the rise of Bitcoin. This article believes that in the context of still uncertain macroeconomics, this bubble will eventually cause Bitcoin to form a Bottom test. From a long-term perspective, the Fed's interest rate hike cycle is about to end or has ended, and with the coming of the Bitcoin halving (in April), we are expected to see the arrival of a big bull market in 2024. With clear regulations in the United States and the influx of capital from Wall Street and other large institutions, a new bull market does seem to be not far ahead. #BTC #ORDI $BTC