Powell's speech provided a brief boost, at least confirming two rate cuts in 2025.

However, this also means that this bull market is about to end.

The probability of a rate cut in the second quarter is low, so we will continue to look for one in the third quarter and one in the fourth quarter.

Therefore, everyone should really examine their positions carefully

See if there are any holdings that have dropped more than 50%

If so, check whether they support a currency-based approach, and you really need to make plans early.

Don’t think about what will happen next year with balance sheet reduction or expansion increasing liquidity.

No matter what you do, nothing is as direct as a rate cut.

Typically, after a rate cut, there will be an interval of about one year before rate hikes begin, which marks the start of a deep bear market.

Finally, tonight's reminder is to pay more attention to the market in the early hours of the morning.

If you see signs of a reversal, it’s time to continue reducing your positions.

Keep the initial low positions, and after reducing, maintain around half of your holdings.

You can advance (increase holdings with floating profit) or retreat (replenish the reduced positions).

No strategy can apply to all market conditions.

However, good position management may not guarantee that you can navigate through bull and bear markets, but it will definitely allow you to survive in this circle.

And surviving brings hope.

Once you leave the table, you have lost everything.