In a market where no new funds are entering, whether it's retail investors, institutional players, or other entities, everyone is essentially 'cutting losses' against each other; what you earn is what others lose. This kind of market is like a closed pond, with only so much water available. If one party drinks too much, others will have less to sip. Such places are not suitable for ordinary investors.

For regular investors, what is truly worth participating in are those 'rivers with water flowing in'—meaning markets that are still growing continuously. As long as you can catch an industry’s explosive growth period or the overall market's upward cycle, making money isn't complicated. This is also why many people are optimistic about the U.S. stock market and digital currencies—because they represent the world's most advanced technological productivity and new financial models.

The current high price of BTC is not something that existing funds can easily absorb; it needs new sources of funding. These funds may come from the U.S. dollar after interest rate cuts and stablecoins linked to U.S. Treasury bonds.

Federal Reserve advisor Bessenet once said that future demand for cryptocurrencies in the market might reach $2 trillion, while the total market cap of all stablecoins combined is still less than $300 billion. Just imagine this gap, and you can understand how much capital could potentially flood in—only an increase of this scale can 'catch' the current market cap of Bitcoin.

Therefore, I believe the likelihood of a significant drop in BTC is low now; even if the market falls, no one is willing to buy at the bottom. The washout process just ends up washing themselves. The more people short at high levels, the more likely BTC will continue to rise, until everyone starts to panic and chase the highs, and only then will it slowly offload.

As for ETH, just a few days ago, 90% of the market had little hope for it, and those who were optimistic were few. But I want to say one thing honestly: If you don’t even believe in ETH in the cryptocurrency market, then what do you believe in? BTC relies on consensus, while ETH not only has market value but also practical application scenarios; it is the core of the entire ecosystem. If you can't even understand it, you might as well turn around and buy U.S. stocks instead.

I'm not saying this just because it has risen now; if you look back at my previous statements, you’ll see that I have always been optimistic about ETH. The current ETH, after turnover, has become very 'light', and future rises will be similar to BTC, giving you no opportunity. If you insist on asking me when to sell? I think the first target will be around 5500.