In the current market, I believe that the recent price decline of Bitcoin is mainly influenced by widespread risk asset pressure, rather than issues with the cryptocurrency itself. From the perspective of volatility adjustment, Bitcoin's performance is highly consistent with the 'Seven Major Technology Stocks+Bitcoin' combination. If Bitcoin wants to rebound, I think it needs to rely on two major catalysts: 1. The overall recovery of risk assets or favorable news specific to Bitcoin (such as sovereign purchases). 2. Clear tariff policies or rapid interest rate cuts by the Federal Reserve will promote market recovery. Next week's Federal Reserve interest rate decision will be an important test for Bitcoin. If the Federal Reserve maintains current interest rates as expected, it is highly likely to lead to Bitcoin testing the $70000 support level.