Looking at it now, more chips are piling up around 8w. The 4-year bull and bear cycle might not apply at this stage. If bottom chips aren’t sold and retail investors can’t afford to buy, the market will stay within a specific range. For example, in December, it kept bouncing back and forth between 83k-95k, directly shaping the market’s trading habits into a mindset of taking profits and running without holding long-term. The current challenge is the lack of large-scale buying and the paper hands behavior of retail investors. Without any news-driven stimulus, the highest we can see this month is 93k, with a downside of 85k. For the larger cycle, 150k is possible, but you might not have the patience to hold until then.