Liquidity has dried up, and do the altcoins blame themselves for not being 'high-end'? Don't make a fuss—when the water comes, even garbage can bubble up; when the water is gone, gold also gathers dust. If you really want to witness a bull market, you'll have to wait for Powell to loosen up and the funds to surge.

What is the sign of madness? It's simple—when someone in the group shouts, 'Open the exchange, close your eyes and slide down, buy whatever you touch,' it indicates that the water level is up to the neck.

Looking back at the last wave: tokens with a market value of billions of dollars were everywhere, and primary projects were easily valued at ten billion. Now, the altcoins are gasping on the floor, and those coins that were pumped up in the last round have dropped by over 95%, even ETH is tucking its tail. Now, meme coins with a market value of several hundred million are already considered 'big gold dogs,' and new coins are directly slashed to one-tenth of their past valuation, allowing you to line up for a few million to burn incense.

In conclusion, whether you see a bull market or not depends not on how high Bitcoin goes, but on how deep the water is and how widespread the madness is. When that surge of water truly comes, the altcoins will also rise—only then will it be the day for blind buying.

And right now, honestly practice 'selection and sacrifice.'

Selection: Only engage in situations you can understand and hold steady. Opportunities come every day, but not every hand needs to reach out.

Sacrifice: Put aside everything based on guessing, hearsay, or beyond your understanding. Less aimless busyness means more safety.

In the end, you will find that the end of trading is not about 'blood rushing to the tower,' but about restraint. The meaning of the system is not to fill up on the ceiling but to survive first and then gradually amplify advantages. Don't treat it like a lottery—this is a 'time × cognition' endurance race.

Don't chase new tricks, don't rush to catch the wind, and maximize the money you can understand.