Do you still remember on October 16, 2023, Cointelegraph reported that the SEC approved a BTC spot ETF due to this ooling event BTC instantly broke through the range of 26000-29000 and reached 30000. Later, everyone knew that without this ETF, to be honest, BTC would have skyrocketed at that time? Looking at last year's general election, without Trump's embrace, could it rise by 100000 yuan? I think this needs a big question mark. Of course not. Moreover, October 2023 happens to be a macro pause in interest rate hikes, which is beneficial for the risk market. However, for BTC, it is more about the support of ETFs and the President. The chart shows the trends of USD liquidity and BTC And even today, there is still a monetary tightening. So next, BTC's self narratives have become even stronger, such as ETFs, strategic reserves, listed company purchases, and so on Monetary easing deserves great expectations. This is the true bull market.