The first part is about the current liquidity problem and the conditions required to solve the liquidity problem.
The second part is about the best case scenario, when we can meet those conditions and usher in the market rise.
The third part is about what might happen under the current normal situation? Is it the last stage of decline now? If not, when will it be?
The problem of liquidity has been popularized in the past week, because the reduction of liquidity is already visible to the naked eye. So far, net liquidity has fallen below 6 trillion US dollars. From the pink box in the latest week, it can be seen that it is not only #BTC that has fallen, but also the S&P 500 has fallen significantly.