According to online reports, Matrixport issued an article saying that in 2015, after the RMB devalued, Bitcoin once suffered a sell-off, but it rebounded strongly at the end of the year and closed up throughout the year. We may see a similar scenario repeated today, and this judgment echoes our bullish view on gold 18 months ago. At present, the exchange rate of the US dollar against the RMB (USDCNY) is expected to break through key technical resistance levels, which is highly similar to our original judgment that gold is "artificially suppressed and ready to go", or may indicate that Bitcoin is also about to rise rapidly. In addition, the correlation between USDCNY and U.S. 10-year Treasury yields is also worthy of attention. Although U.S. bond yields have declined recently, a rapid rebound may put some pressure on Bitcoin's upward momentum in the short term.