The reason why US stocks could keep rising before was due to leading the forefront of technology. Now, Tokyo University is almost leading across the entire industry, and there are breakthroughs in technology, even surpassing the United States. The US technology has opened a gap, and US stocks have lost their advantage. An unprecedented bubble is being squeezed out, and in the high interest rate environment of the US dollar, the fundamental advantages of US technology stocks have disappeared. The US stock market will not improve, and Bitcoin will not do well in the short term either. A large-scale interest rate cut by the US dollar might provide some relief, but right now, the Federal Reserve is silent and not cutting rates, and US stocks will continue to face downward pressure. The trading range is moving downward, and the overall trend is still relatively weak.