$BTC $LTC $DOGE Let me explain the current mainstream mining coins. Mainstream PoW coins have electricity costs that anchor their value, so even in a crash, there will be a bottom.

Analyzing from the perspective of electricity costs, the bottom in the next bear market is about 1/3 of the current price. This will cause the latest machines to break even on electricity costs or incur slight losses, while older machines will incur full losses on electricity costs. Now Bitcoin has changed hands; previously, it was mined by companies and exchanges, and now it is in the hands of the Federal Reserve and Wall Street. Whether we are at the beginning or the end of a bull market depends on the Federal Reserve's policies. With the introduction of ETFs, the price may not drop as severely as before. My personal strategy is to use small amounts of capital with stop-losses to trade in waves. If Bitcoin approaches 150,000, I will start shorting in segments, with a liquidation price above 200,000. If it drops to the 50,000 range, I will primarily go long, and if it truly reaches the 30,000 range, I will heavily invest long, with a liquidation price below 20,000. It is advisable to use idle funds for trading; it is best not to borrow, as it can affect your mindset. Finally, I wish everyone a profitable journey.