I have to say that some partners in our community have quite sharp eyes. Yesterday, I posted my BNapi on a well-known trading website, showing a net asset of 200,000 USDT. As one of the preparatory strategies for the upcoming market in the second half of this year, it was only posted for a day before being precisely indexed.

Since the beginning of this month, I have been doing two things. The first is a deep sorting of personal chips. A few days ago, I withdrew 20,000 USDT, and after buying everything in the past two days, I will disclose the overall layout, primarily holding spot positions for the medium to long term, still focusing on value investment, with a target of tripling the investment.

Another thing is the consideration of the current environment. Since last winter, the market has seen only some small-scale imitation trends, and there has been hardly any comprehensive profit effect in the secondary market. It cannot be denied that the turmoil of this big cycle is primarily driven by Bitcoin and on-chain memes, with the on-chain bull market having gone through a cycle starting from Solana and returning to Solana again. This makes it difficult for veteran players who are not familiar with on-chain activities to keep up with market developments.

However, the fact is that the development of the crypto market has always been a process of refreshing cognition. Even though I still believe that the vast majority of memes will not have value in the future, they cannot resist the influx of hot money from outside. Many people are confused about whether building in the Web3 market is right or wrong. Looking at it long-term, participating in the early construction of the market is still the right choice.

Based on this, while continuing to select some quality projects (like SOL, RAY, etc.) for long-term holding, early projects that have not yet launched and could have a Token Generation Event (TGE) in the short term (within six months to a year) might be the best choice aside from on-chain speculative activities.

For a long time, seriously trading in the secondary market has been the thought of many community fans, including myself. In the last bull market, we did achieve certain results based on this logic. However, soon, with the development of the industry, everyone collectively entered a period of pain.

Before this year, regarding early-stage projects in the primary market, I recall only participating in the community three times. The first was after Sun Ge's acquisition of HB, where we participated in the private placement of HTX with about eight times returns in less than two months; the second was ZKB, based on zero-knowledge proof, which provided an opportunity for equal buybacks but ended up unresolved; the third was the private placement of DEXX in January of this year, and we are currently waiting for token distribution. It can be anticipated that when liquidity returns and on-chain activities remain robust, the returns should be promising.

Regarding thoughts on early projects, although I haven't participated much, I believe that once the chips are appropriately maximized, the revenue is indeed considerable and the risk is extremely low. That time, the community raised around 100,000 USDT in a small private placement, and ZKB, under the banner of the Hong Kong Stock Exchange, accumulated no more than 10,000 USDT from all participating fans aside from community funds. We invested about 50,000 USDT in this round. At the right time, taking necessary risks is essential to achieve returns far exceeding reality.

Therefore, if there are some early projects with decent fundamentals, good narratives, and strong capital backing, they may become the focus of community investment research in the future. In the secondary market, I have previously mentioned that many coins that have dropped by 90% may struggle to recover. With the right funding and time, project teams can easily start new initiatives and develop new strategies. Participating in any segment other than Bitcoin without change is likely to be futile.

Investing requires strategy, as well as direction and flexibility.

Yesterday's article featured a third-person promotional post for the 'Turning Over Community,' and unexpectedly, many people inquired today. Firstly, I want to clarify that the 'Turning Over Community' is not a self-initiated expansion by the community. However, I have indeed been a deep observer of their long-term strategies; the points and cycle outcomes have been validated by me. Without substantial insight, I wouldn't bother to engage in their narrative.

Our community consistently advises against engaging in high-risk trading, especially those that require strong self-control. I know that among those who play contracts and continue to do so, they hardly listen to the candid advice given over the years. In the past, I thought advising gamblers to quit was like trying to reform a prostitute. Now, I am tentatively trying to help gamblers quit and see if I can create miracles.

What does the crypto world mean to us? Different people have different views. Some see it as a casino, others see it as a place for speculative investors, some consider it to be at the forefront of the times, while others firmly believe in blockchain... Is this important? Not to us. I think most people, like myself, have a very simple goal for entering the market: to make money, and ideally, to get rich overnight.

BTC: Bitcoin continues to maintain narrow fluctuations, with a low of 83,300 points and a high of 85,500 points in four hours. In the morning, Powell's speech didn't say anything substantive, just a bunch of clichés. However, tonight's ECB's seventh interest rate cut was somewhat unexpected; aside from the Federal Reserve, other institutions have started to inject liquidity. Let's see how long Powell can keep his tough stance. The market did not collapse this morning, and it is likely that it won't collapse in the near future. Currently, the bears have a slight advantage, and we should observe for a few days to see if the bulls can rebound.

ETH: Ether is linked to Bitcoin, showing weak correlation; whales are offloading again. The Ethereum exchange rate has become the dominant bull trend of this cycle, almost detached from the general market.

SOL: Currently around 130 points, with a high of 180 points. Keep an eye on the ones that should be paid attention to when they drop. RAY has also launched its own rocket, with the first token TIME launching at 123 times its value on the first day, reaching a maximum market cap of 10M. Solana has truly outpaced BSC by several streets. Embrace SOL, believe in the confidence of capital operation and the project’s vision.

Altcoin section: Some previously narrative-driven memes have suddenly surged recently, like AIDOGE doubling in a day. A significant characteristic of the capital flow back into the market is that some small altcoins that were once popular suddenly skyrocket without much warning and do not quickly retract after surging, often marking one of the signs that a new market phase is about to come. Recently, I told everyone that the community is preparing a new round of ambush plans; after careful screening, aside from the aforementioned SOL, I will share other opportunities as they arise, and we can communicate in the comments.

Fear and Greed Index: 30.

Finally, stay away from leverage and stock up on spot assets!