Multiple negative factors impact global risk assets, multiple analysts agree that Bitcoin may stabilize and stop falling at $80000 BlockBeats News: On October 22nd, global risk assets experienced a general decline today, with the South Korean KOSPI closing down 3.52%, led by SK Hynix; The Hang Seng Technology Index of the Hong Kong stock market fell by over 5%, while both Zhipu and MINIMAX fell by over 5%. Before the US stock market opened, Nasdaq 100 futures fell 1.7%, Tesla fell about 5%, semiconductor stocks fell generally, IBM fell about 5%, Intel fell about 5%, Micron Technology fell about 3%, and Nvidia fell about 2%. Optical communication stocks generally fell, while Maiweier Technology fell about 5%. On the news front, according to US officials, the US and Israeli military have formulated specific plans to launch another military strike against Iran after the US midterm elections, and the market is re evaluating expectations of another escalation of the US Iran conflict. France is facing a serious crisis in both politics and economy: on the one hand, the domestic turmoil is becoming increasingly serious; on the other hand, the yield of French 10-year treasury bond bonds has exceeded that of US bonds for the first time in 13 years, reflecting the growing concern of investors about the continued deterioration of France's financial situation and the increasing debt burden. Stimulated by the above news, in terms of the cryptocurrency market, Bitcoin hit $85000 last night but failed, and has since fallen below $82000. According to previous bull bear cycles, Bitcoin has entered a new bull market, but the market has not yet improved. Regarding when Bitcoin will bottom out, BlockBeats has compiled analyst opinions as follows: Yi Lihua believes that as the US midterm elections approach, Trump will face an unfavorable situation and market volatility will expand. However, the trend of the cryptocurrency bull market remains unchanged, and it is expected that the market will quickly rebound and start a new upward trend after the decline is in place. Renowned trader Killa recently released a video analysis summarizing the time relationship between the midterm elections and Bitcoin bottoming out (2014: bottoming out about 70 days after the midterm elections. 2018: bottoming out about 40-44 days later. 2022: almost bottoming out during the midterm elections). He believes that before the US midterm elections on November 3, Bitcoin may form a weekly level bottom, with a low point above $80000. Glassnode also reached a similar conclusion through chip distribution, stating that Bitcoin is constrained by a "box" of $80000 to $8.7. Under the "box", the buyers re piled up near $80000 on the basis of the cost of ETF and treasury bond (although the scale was smaller than the peak). Investors need to be concerned about recent major catalyst events, including the Federal Reserve's interest rate decision on October 28th, rising oil prices and yields, and rising inflation expectations. Jiang Zhuo'er, the founder of the Leibit Mining Pool, updated his operational records this morning and stated that he has empty 100% of his Bitcoin position at $84650. (Offset by 100% ETH spot position, equivalent to overall short position). It believes that the future market may clear the bullish liquidity of Bitcoin at $79-79.7k, and consider stopping losses when it rises above 85.5k. In summary, under multiple uncertain conditions, the current market is on edge, and investors seem to be trading ahead of schedule on the US Iran conflict and mid-term election expectations. In this environment, it is inevitable for the market to experience severe fluctuations in both directions.