24-hour settlement is truly a genius invention; the news was released simultaneously, the price rose in tandem, and the gap between before and after was less than ten minutes—extremely terrifying. How did Lao Cui spot this news? Coincidentally, he was also within the first three days. The information bubble still needs each of you to break it yourselves. Why is this time’s impact so enormous? The economic and trade talks were scheduled to meet a week in advance. As for Lao Cui’s approach—different from you all—he felt the Mainland’s response was insufficient. Why does the old American side value it so much? There’s a huge amount of information hidden in it. The Besant talks will last 12 hours to discuss economic and AI-related topics; clearly, the talks were successful, and only afterward did they release hints to the public. In the later stage, what you need to pay attention to is the content: which kinds of projects will actually be implemented on the ground? Tariffs and cooperation will become the core talking points; they must also have reached some consensus. Coming right before the midterm elections, it can also be seen as a favor. The signals that are favorable are especially strong. As for this meeting, it will determine whether further rate hikes will continue. Only this piece of news is able to ignite the global market.

Bitcoin has moved to a high at 87,385 by momentum, Ethereum has broken through 2,806, and SOL is at 119.99—everything is positioned right at key levels. Many friends hope Lao Cui can explain the specifics—especially the long-term approach of always being bearish. On the medium-term front, Lao Cui still views this rally through the ‘the boot drops to the ground’ mindset; the breakout itself under the shadow of rate hikes is extremely unusual. Based on earlier estimates, the strong pressure point in the mid-term was at 92,000; and even now, the distance to that level remains extremely long. The strength of this rebound is now left with less than two days (you should all understand what Lao Cui means by ‘two days’—which specific event it refers to). Hoping that things outside will produce conclusions opposite to reality is futile. Even with many forms of cooperation, it’s almost impossible to resolve the fundamental crux. That also means that this cyclical phase will end with the conclusion of the talks.

Lao Cui’s summary: Morgan Stanley: The US stock market in the short term faces a 7% downside risk; it will rebound to 8,000 points by year-end. Lao Cui and I share the same view—this 7% drop in US stocks aligns perfectly with what I said, and Lao Cui even sees deeper. Recently, it’s been extremely difficult to write the articles. The financial aspects are mixed with other factors, and it’s not easy to express what I want to say; even what I want to say can’t be put into words. If you feel it’s closed off or hard to understand, please communicate with Lao Cui personally—don’t act blindly on your own. Especially many friends here who have a retail-investor mindset: they hear rumors and follow them. Lao Cui has never seen a bull market driven by an interest-rate-hike cycle. The factors that can influence the interest-rate-hike cycle happen to be what we encountered this time. In any negotiation format, there’s only one goal: to make money. Who can make money, or who makes more? There’s a process. Negotiations are certainly not the result of one aspect or a single factor; they come from a full-spectrum discussion and conclusion. Some people negotiate, and some people make decisions—don’t confuse the two. Lao Cui will update later; everyone in my circle of friends, please keep an eye on it!