Bitcoin ( $Bitcoin (BTC.CC)$Bitcoin, since its inception, has always been the focus of the cryptocurrency market, with extremely high price volatility. In the eyes of many investors, Bitcoin represents an investment opportunity, especially during price corrections. However, the recent market trend has raised doubts about Bitcoin's long-term stability and potential risks. While some view this as a 'buying opportunity' before Trump takes office, in reality, this perspective may be overly optimistic and even carry significant risks.
Bitcoin's price has experienced drastic fluctuations in the past few years. For example, in 2021, Bitcoin's price surged to nearly $65,000 in April, but then fell back to around $30,000 in the following months. Such price volatility exposes investors to great uncertainty. Bitcoin revisited the $0.1 million mark multiple times in 2024, drawing attention from the market; however, can this volatility truly serve as a guarantee for long-term investments?
The price of Bitcoin is essentially driven by market sentiment and speculative behavior, lacking robust fundamental support. In comparison to traditional assets like Stocks and Bonds, which have relatively clear underlying value and revenue models, Bitcoin's value mainly depends on supply and demand dynamics and market speculation. According to Chainalysis' report, about half of Bitcoin holders did not consider its intrinsic value at the time of purchase, instead acting based on market sentiment and short-term profit expectations. This makes Bitcoin's long-term stability even more fragile.
Stocks have been the focus of the Cryptos market since its inception, and its price volatility is extremely high. In the eyes of many investors, Bitcoin is an investment opportunity, especially during price corrections. However, the recent market situation has raised doubts about the long-term stability and potential risks of Bitcoin. While some believe it is a 'buying opportunity' before Trump took office, this view is overly optimistic and may even carry significant risks.
Bitcoin's price has experienced drastic fluctuations in the past few years. For example, in 2021, Bitcoin's price surged to nearly $65,000 in April, but then fell back to around $30,000 in the following months. Such price volatility exposes investors to great uncertainty. Bitcoin revisited the $0.1 million mark multiple times in 2024, drawing attention from the market; however, can this volatility truly serve as a guarantee for long-term investments?
The price of Bitcoin is essentially driven by market sentiment and speculative behavior, lacking robust fundamental support. In comparison to traditional assets like Stocks and Bonds, which have relatively clear underlying value and revenue models, Bitcoin's value mainly depends on supply and demand dynamics and market speculation. According to Chainalysis' report, about half of Bitcoin holders did not consider its intrinsic value at the time of purchase, instead acting based on market sentiment and short-term profit expectations. This makes Bitcoin's long-term stability even more fragile.
Stocks have been the focus of the Cryptos market since its inception, and its price volatility is extremely high. In the eyes of many investors, Bitcoin is an investment opportunity, especially during price corrections. However, the recent market situation has raised doubts about the long-term stability and potential risks of Bitcoin. While some believe it is a 'buying opportunity' before Trump took office, this view is overly optimistic and may even carry significant risks.
Translated
11
1
At the 2024 Worldwide Developers Conference (WWDC), Apple showcased its latest advancements in the field of artificial intelligence (AI) and unveiled a series of highly anticipated updates. With Apple's stock price reaching a historic high of $220.2, its market cap has returned to the global number one position, all thanks to its efforts and innovations in AI technology. In particular, Apple announced a collaboration with OpenAI, allowing the new version of the voice assistant Siri to access ChatGPT, making it a focus of the industry.
Apple's AI Progress
Apple's development in the field of AI has not been achieved overnight. From the early days of Siri to the current Apple Intelligence, Apple has been continuously enhancing the abilities of its intelligent assistants. According to the market research firm Statista, the global AI market is expected to reach $500 billion in 2023, growing at a rate of about 40% annually in the coming years. Such market potential makes Apple's investment in the AI field particularly crucial.
At WWDC 2024, apple emphasized three key points of its AI technology: natural language processing, image recognition, and automation. The update of the new Siri not only improves the accuracy of voice recognition but also enhances the understanding of context, enabling users to have more natural conversations.
According to apple's description, by integrating ChatGPT, Siri will be able to better answer complex questions and provide more personalized suggestions. This point is especially important in the current...
Apple's AI Progress
Apple's development in the field of AI has not been achieved overnight. From the early days of Siri to the current Apple Intelligence, Apple has been continuously enhancing the abilities of its intelligent assistants. According to the market research firm Statista, the global AI market is expected to reach $500 billion in 2023, growing at a rate of about 40% annually in the coming years. Such market potential makes Apple's investment in the AI field particularly crucial.
At WWDC 2024, apple emphasized three key points of its AI technology: natural language processing, image recognition, and automation. The update of the new Siri not only improves the accuracy of voice recognition but also enhances the understanding of context, enabling users to have more natural conversations.
According to apple's description, by integrating ChatGPT, Siri will be able to better answer complex questions and provide more personalized suggestions. This point is especially important in the current...
Translated
4
The Federal Open Market Committee (FOMC) recently announced another 25 basis point rate cut, adjusting the Fed funds rate target range to 4.5% ~ 4.75%. This is the second rate cut in the year and is in line with widespread market expectations. The FOMC noted that the election outcome would not affect its decisions in the short term, and stressed that the policy stance would shift to neutral over time, meaning the pace of future rate cuts could slow.
BACKGROUND OF FALLING INTEREST RATES
According to recent data, the US inflation rate has gradually fallen from a peak of 9.1% in mid-2022 to around 4%. This trend has given the market some confidence, indicating that the Fed has made some progress in dealing with inflationary pressures. However, the interest rate cut is not only to lower borrowing costs, but also to stimulate economic growth in response to a possible economic slowdown.
A drop in interest rates often has a positive effect on the stock market. According to historical data, U.S. stocks have risen about 8% on average in the six months since 2000 after each Fed cut interest rates. The S&P 500 immediately rose 1.5% following the release of the rate cut, indicating a positive attitude of the market towards lower borrowing costs. In the short term, such policies may encourage businesses to increase investment, further stimulating consumer spending, thereby boosting economic growth.
Expectations of short-term stability
In the short term, the market is likely to remain relatively stable due to the dual effects of falling interest rates and falling inflation. Some economists predict that as interest rates fall, the cost of borrowing for consumers will fall, which will...
BACKGROUND OF FALLING INTEREST RATES
According to recent data, the US inflation rate has gradually fallen from a peak of 9.1% in mid-2022 to around 4%. This trend has given the market some confidence, indicating that the Fed has made some progress in dealing with inflationary pressures. However, the interest rate cut is not only to lower borrowing costs, but also to stimulate economic growth in response to a possible economic slowdown.
A drop in interest rates often has a positive effect on the stock market. According to historical data, U.S. stocks have risen about 8% on average in the six months since 2000 after each Fed cut interest rates. The S&P 500 immediately rose 1.5% following the release of the rate cut, indicating a positive attitude of the market towards lower borrowing costs. In the short term, such policies may encourage businesses to increase investment, further stimulating consumer spending, thereby boosting economic growth.
Expectations of short-term stability
In the short term, the market is likely to remain relatively stable due to the dual effects of falling interest rates and falling inflation. Some economists predict that as interest rates fall, the cost of borrowing for consumers will fall, which will...
Translated
12
Super Micro Computer (super micro computer, $Super Micro Computer (SMCI.US)$ ) After recently announcing strong sales data, its stock price surged by more than 15%, sparking market concerns about its future performance. According to the company's press release, it will ship over 0.1 million liquid-cooled GPUs to artificial intelligence datacenters every quarter, demonstrating its potential in the rapidly growing AI market.
1. The underestimated potential of Super Micro Computer
The stock price of Super Micro Computer has risen with its strong sales data in the recent stock market volatility, which may indicate that the company's previous stock price was undervalued. According to Yahoo Finance data, SMCI's price-to-earnings ratio (P/E ratio) is around 12.8, which compared to the industry average of 20.5, shows its relatively underestimated potential. This means investors may see higher returns in the future, especially against the backdrop of the ongoing expansion of the AI market.
2. A comparison between Nvidia and Super Micro Computer
In the AI and GPU markets, $NVIDIA (NVDA.US)$ it is undoubtedly a leader, holding over 90% of the market share. According to Statista's data, Nvidia's revenue is expected to reach $46 billion in 2023. Although Nvidia's technological advantage is clear, its pe ratio is as high as 50.3, indicating high market expectations for its future growth.
In comparison, Super Micro Computer...
1. The underestimated potential of Super Micro Computer
The stock price of Super Micro Computer has risen with its strong sales data in the recent stock market volatility, which may indicate that the company's previous stock price was undervalued. According to Yahoo Finance data, SMCI's price-to-earnings ratio (P/E ratio) is around 12.8, which compared to the industry average of 20.5, shows its relatively underestimated potential. This means investors may see higher returns in the future, especially against the backdrop of the ongoing expansion of the AI market.
2. A comparison between Nvidia and Super Micro Computer
In the AI and GPU markets, $NVIDIA (NVDA.US)$ it is undoubtedly a leader, holding over 90% of the market share. According to Statista's data, Nvidia's revenue is expected to reach $46 billion in 2023. Although Nvidia's technological advantage is clear, its pe ratio is as high as 50.3, indicating high market expectations for its future growth.
In comparison, Super Micro Computer...
Translated
4
2
In the current technology market, Inweida ( $NVIDIA (NVDA.US)$ ) and apple ( $Apple (AAPL.US)$ ) The competition between them has caused widespread attention. Although the market value of Incorporated is rising rapidly and is close to Apple, I think that it is not very likely to replace Apple as the largest company in the world by market capitalization, mainly due to the nature of brand viscosity and market competition.
1. Differences in brand viscosity
Apple has a strong brand loyalty and consumer base. According to Statista, Apple's brand value reached nearly $355 billion in 2023, ranking first in the world. The uniqueness and ecosystem of Apple products (such as iOS, App Store, iCloud, etc.) make it easy for users to switch to other brands. In contrast, Inweida's products are mainly focused on GPU and AI computing, and while it is technologically leading in these areas, users' attachment to its brand is far from Apple.
2. Flexibility of market competition
Inweida's market characteristics mean that its products are more susceptible to challenges from competitors. If competitors roll out superior GPU or AI technologies, Inweida's customers may quickly shift to other options. According to a report by Gartner, the annual growth rate of the global GPU market in 2023 is expected to reach 25%, which means that competition will be more intense. Once Inweida's technology is no longer ahead, its stock price may...
1. Differences in brand viscosity
Apple has a strong brand loyalty and consumer base. According to Statista, Apple's brand value reached nearly $355 billion in 2023, ranking first in the world. The uniqueness and ecosystem of Apple products (such as iOS, App Store, iCloud, etc.) make it easy for users to switch to other brands. In contrast, Inweida's products are mainly focused on GPU and AI computing, and while it is technologically leading in these areas, users' attachment to its brand is far from Apple.
2. Flexibility of market competition
Inweida's market characteristics mean that its products are more susceptible to challenges from competitors. If competitors roll out superior GPU or AI technologies, Inweida's customers may quickly shift to other options. According to a report by Gartner, the annual growth rate of the global GPU market in 2023 is expected to reach 25%, which means that competition will be more intense. Once Inweida's technology is no longer ahead, its stock price may...
Translated
8
Tesla showcased the Cybertruck and the Robovan at the 'Robotaxi Launch Event' on October 10, attracting wide attention to this innovative vehicle release. However, Tesla's stock price fell by 12.91% during this period, leading to market concerns about its future prospects.
1. Optimistic outlook for the autonomous driving business
Tesla's autonomous driving technology has always been one of its core competencies. According to Statista's data, the global autonomous driving market is expected to reach $690 billion by 2026, indicating significant growth potential. With Tesla's plans to launch fully autonomous cars without steering wheels in the next two years, this may help the company maintain a leading position in the field of autonomous driving.
Furthermore, Tesla has been continuously advancing its autonomous driving technology research and development in the past few years. In the second quarter of 2023, Tesla has already delivered over 0.4 million automobiles, indicating strong market demand.
2. Positive Signals Impacting Stock Prices
Despite recent stock price declines, Tesla's innovative products such as the Cybertruck and Robovan may support its stock price recovery in the long term. According to historical data, Tesla's stock price typically increases by around 30% to 40% on average in the 12 months following the release of new products. If Cybertruck can successfully launch as expected, it will serve as a strong catalyst to further drive stock price growth.
However, the market's response...
1. Optimistic outlook for the autonomous driving business
Tesla's autonomous driving technology has always been one of its core competencies. According to Statista's data, the global autonomous driving market is expected to reach $690 billion by 2026, indicating significant growth potential. With Tesla's plans to launch fully autonomous cars without steering wheels in the next two years, this may help the company maintain a leading position in the field of autonomous driving.
Furthermore, Tesla has been continuously advancing its autonomous driving technology research and development in the past few years. In the second quarter of 2023, Tesla has already delivered over 0.4 million automobiles, indicating strong market demand.
2. Positive Signals Impacting Stock Prices
Despite recent stock price declines, Tesla's innovative products such as the Cybertruck and Robovan may support its stock price recovery in the long term. According to historical data, Tesla's stock price typically increases by around 30% to 40% on average in the 12 months following the release of new products. If Cybertruck can successfully launch as expected, it will serve as a strong catalyst to further drive stock price growth.
However, the market's response...
Translated
7
1
Recent Mag-7 Q2 earnings reports show mixed feelings in technology stocks, sparking discussions on whether it is the right time to invest. With recent market dynamics and earnings reports from major technology companies, this is a moment worth deep analysis.
1. Take advantage of the opportunity to buy low
Although some technology stocks have experienced volatility after the latest earnings reports, historical data shows that when technology stocks undergo short-term adjustments, long-term growth potential still exists. For example, according to FactSet data, since 2010, the S&P 500 technology sector has rebounded by an average of about 22% in the following 12 months after experiencing at least a 5% pullback. This indicates that undervalued technology stocks may present a good opportunity for long-term investment in unfavorable market sentiment.
2. Before Nvidia's (nvidia) earnings reports $NVIDIA (NVDA.US)$portfolio adjustments
Adjusting the investment portfolio before the upcoming Nvidia earnings reports is a wise move. Based on historical data, Nvidia's stock price has typically risen by an average of 10% to 15% after strong earnings reports, leading investors to be hopeful for its future growth.
Investment direction strategy
– Increase shareholding in NVIDIA and related AI stocks.: Consider increasing shareholding in NVIDIA and its related AI technology stocks, as the AI market is expected to reach nearly $1.6 trillion by 2026 (Gartner). This indicates tremendous growth potential in AI technology.
– Diversify holdings.: In order to reduce risk, it is recommended to diversify...
1. Take advantage of the opportunity to buy low
Although some technology stocks have experienced volatility after the latest earnings reports, historical data shows that when technology stocks undergo short-term adjustments, long-term growth potential still exists. For example, according to FactSet data, since 2010, the S&P 500 technology sector has rebounded by an average of about 22% in the following 12 months after experiencing at least a 5% pullback. This indicates that undervalued technology stocks may present a good opportunity for long-term investment in unfavorable market sentiment.
2. Before Nvidia's (nvidia) earnings reports $NVIDIA (NVDA.US)$portfolio adjustments
Adjusting the investment portfolio before the upcoming Nvidia earnings reports is a wise move. Based on historical data, Nvidia's stock price has typically risen by an average of 10% to 15% after strong earnings reports, leading investors to be hopeful for its future growth.
Investment direction strategy
– Increase shareholding in NVIDIA and related AI stocks.: Consider increasing shareholding in NVIDIA and its related AI technology stocks, as the AI market is expected to reach nearly $1.6 trillion by 2026 (Gartner). This indicates tremendous growth potential in AI technology.
– Diversify holdings.: In order to reduce risk, it is recommended to diversify...
Translated
5
With the increasing expectations of a Fed rate cut, individual investors are facing the challenge of how to effectively allocate assets to protect and enhance wealth. Historical data shows that the impact of rate cuts on the market depends on their type, thereby affecting the formulation of investment strategies.
Impact of rate cut types
- In situations where economic growth slows but recession has not yet occurred, US stocks typically perform strongly. According to Bloomberg's data, historical evidence since the 2008 financial crisis indicates that when the Fed implements preemptive rate cuts, the S&P 500 index averages a growth of around 15% over the following 12 months.
1. Preventive rate cuts：
◦ In contrast, recessionary rate cuts are usually accompanied by economic downturns, when market performance is poor. According to historical data, during a recession, the s&p 500 index typically only grows by about 3% on average in the 12 months following a rate cut. This indicates the investment risks in a rate-cut environment.
2. Recessionary rate cuts：
Asset allocation strategy
Facing the expectation of interest rate cuts, here are a few specific asset allocation strategies:
◦ In the case of preemptive interest rate cuts, increase investment in growth stocks (such as technology stocks). For example, consider investing in large technology companies such as $Apple (AAPL.US)$ 、 $Microsoft (MSFT.US)$ And $Amazon (AMZN.US)$ They typically maintain stable growth in a rate-cutting environment.
1. Increase stock allocation：
...
Impact of rate cut types
- In situations where economic growth slows but recession has not yet occurred, US stocks typically perform strongly. According to Bloomberg's data, historical evidence since the 2008 financial crisis indicates that when the Fed implements preemptive rate cuts, the S&P 500 index averages a growth of around 15% over the following 12 months.
1. Preventive rate cuts：
◦ In contrast, recessionary rate cuts are usually accompanied by economic downturns, when market performance is poor. According to historical data, during a recession, the s&p 500 index typically only grows by about 3% on average in the 12 months following a rate cut. This indicates the investment risks in a rate-cut environment.
2. Recessionary rate cuts：
Asset allocation strategy
Facing the expectation of interest rate cuts, here are a few specific asset allocation strategies:
◦ In the case of preemptive interest rate cuts, increase investment in growth stocks (such as technology stocks). For example, consider investing in large technology companies such as $Apple (AAPL.US)$ 、 $Microsoft (MSFT.US)$ And $Amazon (AMZN.US)$ They typically maintain stable growth in a rate-cutting environment.
1. Increase stock allocation：
...
Translated
3
In the current market environment, Warren Buffett's shareholding of Apple stocks and Bank of America, as well as the decision to temporarily suspend the repurchase of his own stocks, is undoubtedly a signal worth paying attention to. This series of actions makes me agree with the phrase "The ebbing tide reveals who is swimming naked", as it emphasizes that during uncertain market periods, true risks and potential problems will be exposed.
Basis:
• As a titan in the investment world, Buffett's investment actions usually have indicative significance. Decreasing his shareholding of Apple stocks and Bank of America may indicate his concerns about the future market outlook. This "clearance" operation forces market participants to reevaluate the current investment environment.
1. The clarity of market signals.：
• Buffett has increased his cash reserves to a historic high, showing his awareness of potential market risks. In uncertain economic environments, holding cash can provide investors with more flexibility to seek better investment opportunities during market downturns.
2. The importance of cash reserves：
Buffett's operations remind us that in times of market prosperity, we should also remain vigilant. As the possible bear market approaches, investors need to manage risks, adjust their positions to deal with potential losses.
3. The Importance of Risk Management：
As ordinary investors, we should learn Buffett's cautious attitude, observe market trends, and adjust our investment portfolios when necessary. Following Buffett's actions is not only an acknowledgment of his wisdom, but also...
Basis:
• As a titan in the investment world, Buffett's investment actions usually have indicative significance. Decreasing his shareholding of Apple stocks and Bank of America may indicate his concerns about the future market outlook. This "clearance" operation forces market participants to reevaluate the current investment environment.
1. The clarity of market signals.：
• Buffett has increased his cash reserves to a historic high, showing his awareness of potential market risks. In uncertain economic environments, holding cash can provide investors with more flexibility to seek better investment opportunities during market downturns.
2. The importance of cash reserves：
Buffett's operations remind us that in times of market prosperity, we should also remain vigilant. As the possible bear market approaches, investors need to manage risks, adjust their positions to deal with potential losses.
3. The Importance of Risk Management：
As ordinary investors, we should learn Buffett's cautious attitude, observe market trends, and adjust our investment portfolios when necessary. Following Buffett's actions is not only an acknowledgment of his wisdom, but also...
Translated
11
Bitcoin: (with channel chart) $Bitcoin (BTC.CC)$ Recent price fluctuations indicate the difficulty it faces in breaking through the $0.1 million mark. Last week, the digital currency briefly surged to $99,800 during Black Friday, but then fell back to $96,000. This failed breakthrough has made the market sentiment even more tense. Many analysts are starting to question the upside potential of bitcoin, believing that under the current circumstances, it may face even greater adjustments in the future.
Recent on-chain data shows that the U.S. government transferred a portion of the bitcoins confiscated in the dark web market 'Silk Road' case to Coinbase Prime in the early hours of today (3rd), with a total of up to 19,800 coins, worth nearly $2 billion. The exposure of this news has sparked various speculations in the market, with investors fearing that these bitcoins will be sold off, further exacerbating the oversupply of the dollar. According to data tracked by blockchain analysis company Arkham Intelligence, an address labeled 'U.S. Government: Silk Road Department of Justice Seized Funds' transferred 19,800 bitcoins to a new wallet in the early hours, then deposited them into Coinbase Prime, a move that undoubtedly intensifies market uncertainty.
Looking at historical data, bitcoin often experiences severe fluctuations when approaching significant psychological barriers. For example, in 2021, bitcoin encountered resistance near $64,000, followed by a sharp pullback, eventually dropping to...
Recent on-chain data shows that the U.S. government transferred a portion of the bitcoins confiscated in the dark web market 'Silk Road' case to Coinbase Prime in the early hours of today (3rd), with a total of up to 19,800 coins, worth nearly $2 billion. The exposure of this news has sparked various speculations in the market, with investors fearing that these bitcoins will be sold off, further exacerbating the oversupply of the dollar. According to data tracked by blockchain analysis company Arkham Intelligence, an address labeled 'U.S. Government: Silk Road Department of Justice Seized Funds' transferred 19,800 bitcoins to a new wallet in the early hours, then deposited them into Coinbase Prime, a move that undoubtedly intensifies market uncertainty.
Looking at historical data, bitcoin often experiences severe fluctuations when approaching significant psychological barriers. For example, in 2021, bitcoin encountered resistance near $64,000, followed by a sharp pullback, eventually dropping to...
Translated
15
![[empty]](https://static.moomoo.com/node_futunn_nnq/assets/images/folder.5c37692712.png)
![[error]](https://static.moomoo.com/node_futunn_nnq/assets/images/no-network.991ae8055c.png)
![[loading]](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMjYiIGhlaWdodD0iMjYiIHZpZXdCb3g9IjAgMCAyNiAyNiIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMi45OTk5IDAuMzI1NDM5QzYuMDQxMTEgMC4zMjU0MzkgMC4zOTk5MDIgNS45NjY2NSAwLjM5OTkwMiAxMi45MjU0QzAuMzk5OTAyIDE5Ljg4NDIgNi4wNDExMSAyNS41MjU0IDEyLjk5OTkgMjUuNTI1NFYyMi43MjU0QzcuNTg3NTEgMjIuNzI1NCAzLjE5OTkgMTguMzM3OCAzLjE5OTkgMTIuOTI1NEMzLjE5OTkgNy41MTMwNSA3LjU4NzUxIDMuMTI1NDQgMTIuOTk5OSAzLjEyNTQ0VjAuMzI1NDM5WiIgZmlsbD0idXJsKCNwYWludDBfbGluZWFyXzIyMDBfNDg2NikiLz4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMyAyNS41MjU0QzE5Ljk1ODggMjUuNTI1NCAyNS42IDE5Ljg4NDIgMjUuNiAxMi45MjU0QzI1LjYgNS45NjY2NSAxOS45NTg4IDAuMzI1NDQgMTMgMC4zMjU0MzlWMy4xMjU0NEMxOC40MTI0IDMuMTI1NDQgMjIuOCA3LjUxMzA1IDIyLjggMTIuOTI1NEMyMi44IDE4LjMzNzggMTguNDEyNCAyMi43MjU0IDEzIDIyLjcyNTRWMjUuNTI1NFoiIGZpbGw9InVybCgjcGFpbnQxX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxjaXJjbGUgY3g9IjEzLjAwMDEiIGN5PSIyNC4xMjUzIiByPSIxLjQiIGZpbGw9InVybCgjcGFpbnQyX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxkZWZzPgo8bGluZWFyR3JhZGllbnQgaWQ9InBhaW50MF9saW5lYXJfMjIwMF80ODY2IiB4MT0iNy4zOTk5IiB5MT0iMjUuNTI1NCIgeDI9IjcuMzk5OSIgeTI9IjIuNDI1NDQiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDFfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjIwIiB5MT0iMjUuNTI1NCIgeDI9IjIwIiB5Mj0iMi40MjU0NCIgZ3JhZGllbnRVbml0cz0idXNlclNwYWNlT25Vc2UiPgo8c3RvcCBzdG9wLWNvbG9yPSIjN0E3QTdBIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDJfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjEzLjAwMDEiIHkxPSIyNC4xMjUzIiB4Mj0iMTQuNDAwMSIgeTI9IjI0LjEyNTMiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIvPgo8c3RvcCBvZmZzZXQ9IjEiIHN0b3AtY29sb3I9IiM3QTdBN0EiIHN0b3Atb3BhY2l0eT0iMCIvPgo8L2xpbmVhckdyYWRpZW50Pgo8L2RlZnM+Cjwvc3ZnPgo=)