Wu said that the latest report from QCP Capital pointed out that BTC remained above $65,000 and broke through $67,000, despite the decline in the US stock market due to corporate earnings season, especially the decline in semiconductor stocks such as NVDA and AMD caused by the expectation of slowing chip demand triggered by the ASML report, but this did not affect the upward trend of BTC. The report pointed out that as Trump's chances of winning the election increased, the market expected his crypto policy to be more friendly than Harris, and the positive correlation between crypto assets and Trump's victory was further strengthened. QCP expects that as global central banks enter a rate cut cycle, market liquidity will increase, driving risk assets up. The European Central Bank is expected to cut interest rates by 25 basis points tomorrow, the People's Bank of China continues to maintain an accommodative stance, and the Federal Reserve is expected to cut interest rates twice this year and four times in 2025.