Overnight, BTC continues to stand firm at 65k, aiming for 66k. Recently, after the rate cut by the Federal Reserve, gold, US stocks, and A-shares have all seen a surge in sentiment, making BTC appear somewhat lagging behind. Someone (Game of Trades) has studied the divergence between BTC and the S&P 500, as well as the negative correlation between BTC and the US dollar index over the past six months, and reached a conclusion: the current market price of BTC is underestimated by 50%, and the true valuation may exceed $120,000 to $140,000.

First of all, on September 5th, during the most intense pullback phase of the market, I mentioned the medium term catch the bottom position of 53528~51635, and the market data reached a minimum of 52500, which was a perfect entry point. After reaching above 64000, I also repeatedly suggested taking profit in the medium term. This rebound has achieved a maximum gain of about 26%, which is quite impressive for Mainstream Tokens. Congratulations to those who have benefited.