I've been mainly discussing oil prices and US stocks lately, so let's talk about Bitcoin. Today, Bitcoin broke below its September low, reaching around $67. Actually, I mentioned back in September that with high oil prices and ongoing interest rate hike expectations, the risk market couldn't possibly establish a trend. Initially, oil prices falling below $90 in November was a good thing, but a series of negative factors followed. First, the hacking of ARM's subsidiary, Nvidia, dampened market sentiment; then, the US stock market crashed; Nvidia changed leadership; MSTR was removed from the MSCI index; and starting on the 12th, oil prices rebounded (BZ approached $95, WTI approached $90). Basically, every event dampened sentiment and caused market panic. Once this kind of decline occurs, it takes months of consolidation to gradually digest it. The Nvidia situation also needs attention, but the more important factor remains geopolitics, namely oil prices. With persistently high oil prices, inflationary pressures, and ongoing interest rate hike expectations, risk market sentiment cannot improve. US stocks may have good liquidity and high volatility, but Bitcoin only moves when it senses easing monetary policy. Remember what I said before? We're still in the 585-82 range after the big drop in early February. Although it broke through 82, the interest rate hike is here, and the expectation remains. Based on the current situation, we might have to wait until around January. Ultimately, it depends on oil prices and inflation.