As the US election approaches, historical laws suggest that the crypto market will face dual tests of policy and market. For keen traders, this is a golden period to capture opportunities. Under the tide of interest rate cuts by global central banks, the appeal of traditional investments has declined, and funds may flood into cryptocurrencies like a tide, seeking a higher risk-return ratio. The approval of the Bitcoin ETF has opened the door for institutional funds, indicating that a new wave of capital is ready to go. As for the FTX incident, although it caused market fluctuations in the short term, in the long run, the market's self-healing ability may give rise to new liquidity injections and inject new vitality into the market.