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1. Whether it's the US stock market or the crypto circle, the overall outlook for 2026 is a consolidation year. The key word is: fluctuation; this is the transition point where AI infrastructure shifts from explosive growth to linear growth, marking the waiting period for AI applications to be implemented, the observation period after Bitcoin's inclusion in the US stock market and its transformation, and the lull period after all the garbage narratives in the crypto circle have been debunked.