Regarding industry cycles and economic cycles. I think the current market trend will most likely continue for a few months, and the industry will enter a bear market in a year. Taking the Web3 industry we are in as an example, it will basically enter a downward phase by then. After that, the US stock market may usher in a bull market, and the A-share market may also usher in a bull market. It is expected that by 2028 or 2029, the market may see a big bear market. We really need to focus on and think deeply about the changes in the cycle. Looking back to 2021, when the market risks were already high, there was still a crazy surge. In the investment process, it is almost an impossible task to accurately escape the top. Because in the final stage of the market's pull-up, the increase is often extremely rapid. Even if you succeed in escaping the top by chance, you are very likely to miss a 50% or even 100% increase. In the bear market crash stage, the asset retracement is usually about 50%. This situation is really tangled. How to cleverly implement the escape strategy in the investment process is a question worth exploring in depth. #CPI数据来袭 #山寨季何时到来？ #比特币巨鲸动向 $ETH $BTC