Although the US and the Soviet Union avoided direct military conflict, they continued to engage in a nuclear arms race, a space race, and diplomatic maneuvering. Although the US and China avoid direct military conflict, they continue to engage in an AI race, a space race, economic competition, and diplomatic maneuvering, among others. There is no sense of incongruity.

It's almost 2026, so stop comparing ETFs to single-celled organisms. Do ETFs have an impact? Of course, they do, but to say that buying ETFs makes prices go up and selling them makes prices go down is unnecessary. The market, especially the Bitcoin market, is driven by multiple forces working together, not just by the words of a diode. Open the candlestick chart and take a look from November 21 until now, and compare it with the ETF data; it's clear as day.

Conclusions drawn from the comparison of various indicator patterns: 1. When the 3-day level shows an RSI indicator crossover and a MACD golden cross, it often leads to some degree of rebound or reversal. As can be seen from the chart, the K-line is currently lagging behind the indicators; 2. The reason for this situation is that this adjustment is deeper than previous adjustments (since the market in 2022), with the MACD moving too far below and the RSI indicator being closer to the oversold zone than before; 3. In this decline, the MACD fast and slow lines have already fallen below the levels seen in June-July 2022. Note that during the major bear market in 2022, the 3-day MACD experienced a long divergence after hitting the bottom, with the indicators recovering while the K-line was suppressed; 4. What can be expected now is a weak rebound similar to the market from June to August 2022 (we'll see how strong or weak it turns out), followed by a gradual decline to find the bottom; The above conclusions are based on the 3-day level indicators for short to medium-term analysis. Others: 5. It is still uncertain whether 2026 will be a macro favorable year, so do not be overly subjective in your predictions. If viewed from a larger technical indicator perspective, it is indeed a good year for positioning. This adjustment will take longer than most people expect, and a longer duration means more opportunities. 6. Subjective predictions suggest an adjustment level between the major bear market of 2022 and the minor adjustments of 2023: it will not last as long as a year or be as deep as 80%. The starting date is considered to be August 14, 2025, with the end time looking towards mid-2026.