Let me share some recent thoughts with everyone. As you all know, my spot holdings are also in a trapped state, but Lao Wang has been mainly doing short-term contracts, so his contract positions are very safe. If the situation turns bad, he will close positions immediately. Tonight's sharp decline has many asking for the reason. Actually, no reason is needed. After a sharp drop, negative news, and a liquidity vacuum, large long positions like MicroStrategy, Huashang, and Ethereum's treasury companies are all reducing their positions to lower the risk of liquidation. I've told everyone before, closing long positions is equivalent to opening short positions. Currently, the market is in a spiral downward trend. Have you noticed that the lack of upward momentum is because too many longs are close to liquidation, so they sell to cut losses at any rebound, fleeing desperately. I advise everyone not to leverage for bottom fishing. Extreme price levels may appear. When the last long position falls, that will be the bottoming point. I believe this round of market has already accelerated. Usually, the US stock market, gold, and futures take several years to develop, but we’ve completed that in just one week. After a continued decline and consolidation next week, it’s likely to turn upward. Here’s some reassurance: please, please believe me. Crypto will not fail. Such a fun place will not be abandoned. This is a capital paradise. How could it close down? It’s just clearing out the longs. After each such liquidation, once all longs are wiped out, a new wave of big surge will follow. Declines are opportunities! I missed buying at 1400 last time, but this time I must seize the chance and keep my ammunition ready. The current cycle is just half a year. It’s truly wonderful. No decline, no bottom fishing. And I’m not using leverage. If you do use leverage, wait until at least a four-hour triangle breakout before entering, because the upside space is large. Even if you enter 300 points above the bottom, there’s at least 3,000 points of room upward. Once the bottom is in, the rise will hardly look back! Stay strong and protect your principal! Use stop-loss orders and take profits on each trade!