Looking back at the mid-year stage of the bull and bear markets in previous years.

The mid-year stage of each year is very painful for secondary investors, even miserable. A large number of speculators will appear in the market at this time, resulting in a local dog craze and a hot trading circle (including the blockchain game craze) in the mid-year stage.

This situation has different meanings for the bull and bear stages. The bear market is naturally a pure harvest, while the bull market can refer to the mid-year stage of 21. I believe that the enthusiasm of the zoo is still vivid in the minds of those who have experienced it.

The bull market stage can better stimulate short-term liquidity and meet the high wealth efficiency conditions of going out of the circle, introducing sufficient blood into the market to lay the foundation for subsequent pull-ups (such as stimulating ETFs).

History will not repeat itself, but it will follow the same rhyme. The zoo is a thing of the past. It is not known whether the next one will be a botanical garden or something else.

The bull market seems short but is actually very long. The behemoth of hundreds of billions has not yet appeared. There are enough opportunities in the future. Only by formulating a long-term holding plan can we see a more distant future.