Matrixport wrote that in 2015, after the devaluation of RMB, Bitcoin suffered a sell-off, but it rebounded strongly at the end of the year and closed the year higher. We may now see a similar scenario repeat, 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 the key technical resistance level, which is highly similar to our original judgment that gold is "artificially suppressed and ready to go", or it indicates that Bitcoin is also about to usher in a rapid rise. In addition, the correlation between USDCNY and the US 10-year Treasury yield is also worthy of attention. Although the US bond yield has declined recently, if there is a rapid rebound, it may put some pressure on Bitcoin's upward movement in the short term.