Today is January 12th, BTC price is 90456. Gold hits a new high, stocks hit a new high—none of this is surprising. Back in December, I mentioned that domestically we need a soft landing for real estate and to address economic deflation. The stock market is the only reservoir. Becoming a financial powerhouse and a tech powerhouse are also key factors in the later stages of the China-US game. In the past, our tech wasn’t strong enough, relying on fast-moving consumer goods to support the stock market couldn’t achieve financial dominance. Now it’s different—China has become a tech powerhouse. Tech + finance = the timing for A-shares is definitely here. On the charts, BTC surged this morning but started to pull back again. If you ask whether there’s been liquidity extraction, it’s definitely happening. For the larger structure, I maintain my original view that this wave isn’t over yet. Before posting this analysis, I shared an ETH long position—you can join in.