[Yi Lihua: Delayed US Stock Market Crash Drags Down Bitcoin; Increased Macroeconomic Policy Uncertainty but Bullish Overall Trend Remains] According to Jinse Finance, on November 12th, Yi Lihua, founder of Liquid Capital, wrote an article reviewing the recent volatility. Initially, seeing the Democrats' decisive victory, he judged that a US stock market crash was imminent, and it wasn't time to buy the dip. However, a rapid rebound occurred, and after buying in at $77,000, he saw Bitcoin stabilize at $80,300, believing the pullback was over and the upward trend had resumed. After all, he had patiently waited for over 40 days since the pullback was predicted at $86,000. As expected, the US stock market finally experienced a delayed crash, dragging down Bitcoin. His long positions were closed for profit, while his spot positions were trapped. However, he felt his operations were sound. Rapid rises and falls are unpredictable; the only thing to do is manage position risk effectively. Currently, he is still watching the US stock market and oil market. The Democrats' determination to pursue AI and crypto (the Jensen Huang incident and Trump's finances) has indeed increased uncertainty, but he maintains an upward trend and continues to wait for macroeconomic clarity before buying the dip again.