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Personal Thoughts on the Shanzhai Market:

1. The real large-scale Shanzhai season is likely to come only at the end of the year; the current fluctuations and small-scale enthusiasm are just a prelude.

2. From a short-term perspective, the BTC exchange rate against Shanzhai is unlikely to fall below 56%; this is a critical dividing line.

3. It is important to clarify: ETH is ETH, and Shanzhai is Shanzhai; do not try to apply old logic to a new cycle. In the face of a super cycle, the so-called thinking of carving a boat to seek a sword will be broken by the market. When will funds enter the market, how much will flow, and where will they flow? The Federal Reserve's policies provide clues, but the real answers must be revealed by the market.

The main themes of future markets are actually only two—MEME frenzy and the explosion of leading assets.

Therefore, to stay ahead, one must change their mindset, maintain independent judgment, rather than being led by others’ opinions.