On August 5th, Raoul Pal, a former Goldman Sachs executive and founder of macro research firm Real Vision, wrote on the X platform that it is too early to draw conclusions, but personally, he will plan to increase his holdings of cryptocurrencies and technology stocks in the next week or so. And said that he personally believes that this is a sharp wash and a reset of risk leverage, and a strong rise will be the general characteristic of 2024/2025. This may be the last opportunity to enter the market or fully build a position. The Fed's eventual interest rate cut will also bring a period of dollar weakness, which helps to shape the macro summer/autumn.