Although I took some profits by reducing positions yesterday, I don't believe the market has ended.

Looking back at the first half of the year, I was quite accurate in judging turning points, and my trend judgments were okay, but my biggest flaw was overestimating the gains of altcoins.

For ETH to rise this high, one reason is that many people missed out on spot buying and, feeling dissatisfied, shorted on contracts, resulting in many liquidations. Another reason is that it has formed a bottom on the quarterly level; a quarterly market won't end so quickly. 4000 should not be the peak; once the exchange rate stabilizes, there will be another push before the overall market ends.

Yesterday I felt there would be a pullback, so I reduced some ETH and altcoins, planning to buy back lower, as I don't believe the long-term market has ended.

The current mindset is somewhat similar to the BTC market last December, where people were bullish when it rose and bearish when it fell; it seems like it will take a long time to wash out. As long as there are significant pullbacks, it’s a buying opportunity. Without substantial pullbacks, it will be hard to continue pushing higher.

The US stock market also hasn't pulled back, and there's a high probability of a sharp drop to wash out the bulls.