From a macro perspective, the two-month correction starting in mid-October has provided the market with ample consolidation time. The divergence between gold and silver in the precious metals market is building up a significant emotional gap, which often signals a confirmation of the larger trend. More interestingly, Grayscale's parent company recently sold off stocks疯狂ly, accumulating 2 billion in cash to pay interest, effectively indirectly alleviating the subsequent selling pressure risk — this move is very strategic.

The event side is also aligning. Some key players in the crypto industry have recently begun rebalancing their BTC positions, which is uncommon during market downturns.

Combined with the Federal Reserve's liquidity policy expectations, the macro tailwinds are quite evident. Looking at the technical side, the candlestick chart has indeed formed a bottom structure. The triangle of time + space + policy is established, and the recent gains in BTC and ETH are likely to be a certainty.