Ni Da, introduce a very good reference indicator global M2Fluctuation, which has always led BTC's Fluctuation and BTC has been consistent with global M2Liquidity trends for 83% of any 12 months, which is also the mainstream index of Wall Street analyzing the BTC market.

According to this index, the global money supply reached a new record of 10.85 trillion US dollars in October, and the price of BTC reached a historical high of 108,000 US dollars. The current global money supply has decreased by 4.1 trillion US dollars to 104.4 trillion US dollars. If this relationship continues, the BTC price could drop by a maximum of 20,000 US dollars in the future, which is 88,000 US dollars. However, BTC also has non-demand factors, so I think buying at a price below 90,000 US dollars could be considered a good opportunity.