CRCL mentioned in its April 30 article that a good buying opportunity would appear in Q3. When the price rose to 140 in May, it was flagged as a bull trap rather than the start of a new uptrend. As planned, the bearish outlook toward Q3 remains unchanged. Then, in July and August, we saw the decline end near 58 ✅ The latest analysis is shown in Figure 1: 57.84-103.28 (blue segment in the chart) represents the first wave of weekly-level uptrend in this cycle, while the red segment is part or all of the weekly-level correction at the same level. If the red segment is only part of the correction, the movement starting from 75.27 is a rebound against the red segment. After the rebound ends, CRCL will continue its adjustment, with the earliest bottoming out of the correction expected around late October to early November, followed by the next wave of weekly-level uptrend. If the red segment represents the entirety of the correction, this would indicate a strong adjustment. In this case, the movement starting from 75.27 is a weekly-level uptrend at the same level as the black segment. Under this scenario, CRCL should quickly break above 87.3. The adjustment is temporary, and the trend is clear. We look forward to Circle leveraging the Arc blockchain to further enrich its business structure. The day when U.S. stocks are tokenized and RWA becomes the main narrative of the bull market might just be the moment CRCL ascends to greatness.