The performance of these five trading days at the start of January is actually quite particular. From the overall market perspective, this wave of行情 is a pretty good omen for the year's trend. The S&P 500 index reaching 7700 points is not just a dream.

In recent days, the volatility in the financial sector and the entire market, including the crypto sector, mainly stems from policy issues. Washington is considering restrictions on credit card interest rates. If implemented, it would deal a significant blow to financial institutions—especially as their ability to extend credit to various consumers would be severely compressed.

However, bad news is often accompanied by good news. The advancement of the Clarity Act is a major positive for the crypto industry. The sharp decline last October was quite brutal, but precisely because of that, as time passes and we move away from that downturn, there is room for market recovery—and this recovery could be quite substantial.

So, we remain optimistic about Bitcoin. The expectation is that Bitcoin can break its all-time high this year, and this judgment is quite firm. As for Ethereum, the attitude might be even more positive, with the overall performance potentially surpassing Bitcoin. This is the current market logic: improved policy environment + market cycle recovery, two factors stacking together, with strong momentum ahead.