In its report, Matrixport said the fourth quarter was positive for bitcoin. It noted that it is currently in the middle of the third quarter, and bitcoin is experiencing its most challenging quarter by convention. The price of bitcoin has begun to lose momentum recently, and coupled with the coming period of weakness, the challenging trading environment is likely to continue for several weeks. However, the market expectation for bitcoin in the fourth quarter is good. From a technical perspective, the bitcoin trading range is narrowing, indicating that it will soon break out of the consolidation period. Based on the expected Federal Reserve rate cut and the positive fourth quarter, plus the likely boost from the US presidential election results, we expect bitcoin to break through in the coming weeks.