The market's focus is on whether interest rates will be stopped in June and whether interest rates will be cut. At the same time, it will have an impact on whether the Biosphere is good or bad. From my point of view, the conditions for interest rate cuts have not been met at present. The first one is There has been a substantial tightening of financial conditions. The current situation of banks is not as serious as everyone said. It has reached a lack of credit cycle. Secondly, inflation has begun to fall. As you can see from the non-agricultural data, it is still at a high level. Neither of these two conditions Satisfied, regarding the impact of the green circle, I said yesterday that the lack of waterfall situation after the interest rate hike was determined has formed the following signal. Currently, we are focusing on three positions, 1868-1921-1964, and the specific short-term goals will be announced at that time #ETH