I was a bit tired today. I fell asleep halfway through writing, and only woke up after half an hour of groggy sleep. The market sentiment was quite grim on Monday, after all, Japan's interest rate hike is already an irreversible thing. Even if it is not raised in December, the interest rate of Japanese bonds has actually increased, causing the risk market to have little color during the day on Tuesday. When I was on the plane during the day, I was thinking, 'This has stopped shrinking our balance sheets. Why hasn't the market reacted at all?'. As a result, when the market opened in the United States, it surged directly. The magnitude of the US stock market's rise was not significant, and Bitcoin also followed suit. Moreover, during the day, the Federal Reserve added $13.5 billion in liquidity to lubricate the market, but there is still no actual easing and liquidity has not fully recovered. Personally, I think it is still an emotion driven rise now, after all, the balance sheet contraction has ended. However, in my system, it is still a part of the rebound. It is still one SLR cancellation away from the overall reversal. The cancellation of SLR is basically not far away from the overall easing. In addition, Trump announced today that there is only one candidate left for the chairman of the Federal Reserve. It should be announced in these two days. Hassett is the most likely candidate. The market sentiment is now playing a game that the Federal Reserve will fully enter a loose state, so they have started buying at the bottom. But after all, they are all emotion oriented, and it's hard to say how long they can endure without real liquidity replenishment. Looking back at the data of Bitcoin, today's turnover rate is not very high, and investors' reactions to rising prices are not very strong. The main force of turnover is still short-term bottom buying investors, especially those who buy below $90000. The most common investors have left, while the reactions of other investors are still normal. As mentioned earlier, the sentiment of investors towards price increases is still good, and there is no sign of a "final rebound and quick escape". Most investors are not very sensitive to price changes, and the overall chip structure is relatively stable. However, it should be noted that today's increase is still more on the emotional side, and liquidity has not been fully resolved. Bitget VIP， Lower rates and more generous benefits