Will the finish line of 1.15 million US dollars be crossed by the end of the year? This question has been discussed back and forth recently.

First, let's look at a phenomenon: market sentiment is always lagging. During a bear market, projects are criticized as scams, and when a bull market arrives, people scramble to grab tokens—this script plays out year after year. But this time is a bit different; the rules of the game are being rewritten.

**Funds are voting with their feet**
The approval of Shanzhai coin ETFs has been gradually granted, sending a clear signal: compliance is no longer just a slogan. Mainstream capital is flooding into assets that have obtained "entry permits," with premiums continuing to rise; meanwhile, projects that linger in the gray area are visibly experiencing a depletion of liquidity. This differentiation is not a short-term fluctuation, but the beginning of a long-term trend. Entering compliant targets now comes at a cost much lower than at the peak of the bull market.

**Macroeconomic data provides the answer**
U.S. stocks rose after the Thanksgiving holiday instead of falling, and the bulls couldn't hold back. CME data shows that the probability of a rate cut in December has soared to 86.4%, and funds are already positioning themselves in advance. $BTC followed the rebound and stabilized above the short-term resistance level, but caution is needed for the "sell the news" trap on December 10 — Powell's speech and the dot plot may release hawkish signals, as the probability of a rate cut in January next year is only 23%.

**After a rapid rise, time is needed**
#香港稳定币监管框架 A rapid V-shaped recovery often does not last long; a truly healthy rise requires experiencing corrections and fluctuations, allowing for sufficient turnover of positions. Once the bottom structure is completed and a new trend begins, the target of $150,000 will have sustainability. The current position is similar to the eve of last year's bull market; this kind of entry window appears only once every few years.

Those who wake up early position compliant assets at low levels, those who wake up late chase after rising prices at high levels, and those who do not wake up are shaken out of the market. The $BTC crypto market never waits for those who hesitate.

Do you think that after the interest rate cut in December, Bitcoin will break through directly or will it first make a second pullback?