Today is the 492nd day since I started posting dynamically, and I haven't missed a single day. Each post is not done half-heartedly, but with serious preparation. [微笑] If you think I am a serious person, you can follow me, and I hope the content every day can help you. The world is big, and I am small, so please follow me to avoid being hard to find. [微笑][微笑]

The entire market has dropped a little again, but it's actually quite boring, still swaying within the fluctuating range. It's relatively difficult to see a significant breakthrough in the short term; what can be expected is a decent surge after the oscillation ends. To be honest, after experiencing the crash on October 11, everyone's psychological expectations and trading emotions haven't fully recovered. The current trend is more about slight declines and sideways consolidations, with not much surprise. My own view hasn't changed—whether in the primary market or the secondary market, the direction of smart money is the most worth following.

As for one of the most concerning questions for everyone - is this bull market still ongoing? From a macro perspective, the underlying logic of the bull market has not been destroyed. The world is still in the latter half of the interest rate reduction cycle, liquidity remains relatively loose, and various risk assets have not shown any signs of systemic risk.
In other words, the bull market in the crypto market has not officially ended; it has simply entered a "cooling-off period." Most people's positions and emotions are in a "half-withdrawal, half-wait-and-see" state, so don't expect it to take off right away.

For friends who still hold spot assets, especially those who have a lower cost basis, my advice remains to hold on. Because holding these assets, in addition to seeking short-term gains, has a greater significance in combating the long-term overissuance of fiat currency.
From a long-term perspective, as long as the assets are of good quality, they will ultimately outperform currency depreciation. Overall, the current market is indeed not that stimulating, but this period is actually the easiest time to "correct mindset and optimize positions."