In the short term, Bloomberg analysts' research shows that the Bitcoin ETF is very likely to be approved in January next year. Combined with the current SEC's measures, this is becoming the consensus of most people in the market. The crypto market is bullish and the price of Bitcoin continues to be supported. At the same time, with the continuous rise of Bitcoin, affected by the options market, this further amplifies the rise of Bitcoin. This article believes that in the context of macroeconomic uncertainty, this bubble will eventually cause Bitcoin to form a bottom test. In the long term, the Fed's interest rate hike cycle is about to end or has ended, and with the Bitcoin halving (April), we are expected to see the arrival of a big bull market in 2024. With the clarification of US regulations and the influx of capital from large institutions such as Wall Street, a new round of bull market seems to be in the near future. #BTC #ORDI $BTC