I hereby declare to everyone that my view on cycles is problematic. I now believe that with the addition of ETFs, the original market makers can no longer fully control the market; these ETF institutions pose a huge challenge and constraint to the market makers. The biggest application of Bitcoin is to break through foreign exchange controls and launder money. The addition of US ETFs essentially endorses Bitcoin. There are definitely market makers in Bitcoin. However, with the existence of ETFs, there is competition between the market makers and these ETF institutions. Moreover, once these ETF institutions buy in, they will not sell in the short term; they will hold for the long term. Therefore, this imposes certain constraints on the market makers. I used to think that it would take about a year and a half for a cycle to change in a market with high retail participation, roughly a year and a half. With the addition of ETFs, everything has changed. The original market makers are facing tremendous competition and constraints. The key is that Bitcoin ETF institutions hold for the long term; if it drops, they will buy, and they have ample funds. Thus, market makers are also less likely to crash the market. At this stage, I am looking at fluctuations. However, over the weekend, I don't know who took the opportunity to pump it up. Moreover, I personally believe that next week's CPI might be favorable due to falling oil prices. This could very well lead to another rise. A rate cut in December is also very likely. Because the Federal Reserve's initial expectation was three rate cuts. So this time, it's really hard to say; it really might push very high. I suggest everyone not to short it. Buy on dips. As for Bitcoin, it will certainly have lows and highs in the future. So I advise everyone to be patient and wait; if you are hesitant to jump in now, you can also wait for some low points to buy in courageously.