BTC experienced a sharp decline, and this wave of decline did not pull back. So why did this decline occur? Think about it. Today is October 29th, and at 2:30 AM tomorrow Beijing time, Federal Reserve Chairman Powell will announce the results of the Federal Reserve's seventh interest rate decision of the year. Since October 24th, when the U.S. Department of Labor released a 3% CPI data, which significantly exceeded expectations and was a major Favourable Information for this month's rate cut. The market's expectation for tomorrow morning's rate cut is a 25 basis point decrease, and currently, the Federal Reserve rate observer shows a 98% probability of a 25 basis point cut tomorrow. A 25 basis point rate cut as scheduled is just the confirmation, and since it’s confirmation, it naturally means that Favourable Information has been realized as Unfavourable Information. This wave of decline is also a pre-emptive move based on expectations.