The bull market has entered the mid-to-late stage! Pay attention to this time next! If the bull market is a progress bar, then this progress bar is already half full. The Federal Reserve did not cut interest rates or raise interest rates in the first two days of the meeting. Some people said whether it was a good thing or a bad thing. In fact, the market has already been reflected in the price. There is no so-called good or bad. In many cases, the judgment of whether good or bad is done after the fact, and there is a large lag effect. My habit is to only look at whether it meets expectations or exceeds expectations. What determines market prices is never good or bad, but expectations. The current market expectations have accepted that the Federal Reserve will not raise interest rates this year. If it cannot continue to raise interest rates, it will not cut interest rates so soon. The high interest rates may last for a long time, and it may not enter the interest rate cutting cycle until after July. The big pie is about to undergo a halving in April, and looking at past cycles, the pie has never reached a historical high before the halving. It took about a year after the halving to reach new highs. This round is equivalent to the bull market being brought forward a lot. Or it can even be said that this bull market actually merged with the previous one. Don't look at the historical highs before reaching the historical highs. Looking at the low point of this round of 16,000, the current big pie#btcis equivalent to nearly 5 times. How many companies have total revenue exceeding 5 times? If you exceed it, you will win the big pie. That copycat has to rise at least 10 times from the bottom to outperform. However, as the market has reached today, don't be obsessed with how many times it is in the future. After a while, you can get as much as you can. Don't be entangled. Being entangled will make it easier to ride a roller coaster.