The U.S. stock market feels like it has hit bottom, but crypto still feels like it’s missing something. The RSI14 for both NDX and NVDA has dropped below 30. The last time NDX’s RSI was this low was at the end of March 2026, when the U.S. and Iran went to war; NVDA’s RSI last hit this level in April 2025 during the tariff war. Even more notably, NVDA’s daily RSI is showing divergence—RSI divergence is extremely rare in U.S. stocks, as most indicators move in sync. Yet, Bee Brother still didn’t buy NVDA; he’s not afraid of a mistress—he’s afraid the mistress might be a spy—so he bought a bit of QQQ instead. As for crypto, it still feels like something’s missing. Although USDC and USDT funds are flowing in, the inflows are minimal. But he doesn’t believe BTC’s bottom will be extremely low. Some group members immediately look for $30K or $49K lows—this isn’t Bitcoin splitting; it’s Huang Renxun cheating. Non-liquid negative events have limited impact. Looking ahead, Bee Brother can’t foresee any major liquidity-driven downside risks. The December rate hike is already priced in; even another hike in Q1 next year wouldn’t be a huge surprise. U.S. Treasuries have recently gained some strength, Trump’s stance toward Iran has softened, and oil prices dropped significantly today. While the U.S.-Iran situation and oil prices could rebound, it’s unlikely to trigger a major black swan event.