Consistent with Arthur Hayes' viewpoint, 10xResearch also stated that "the head, shoulders, and bottom shape has been formed, and # BTC's record high is only a matter of time, which may reach $83000 next week.".

The current situation at all levels——

1. Institutional aspect: @ Bitcoin spot ETF has achieved net inflow for 18 consecutive trading days.

2. Macro aspect:

① Europe has lowered interest rates for the first time in five years, which means that the US interest rate hike process may accelerate and end, forcing it to enter the stage of interest rate cuts, otherwise it may be backfired by already high interest rate policies.

② In order to secure the election, candidates frequently send signals of goodwill to cryptocurrency voters.

3. Market sentiment: Currently, there is still a lack of independent narrative in the cryptocurrency circle, and speculative sentiment and hot funds in the market have not yet entered a high stage. Currently, 2024 will be a transitional year for macro liquidity from contraction to expansion.

Everything is ready, except for the east wind!