Another week has passed, and last Friday, both the Dow Jones Industrial Average and the S&P hit new lows in the past one or two months. The Nasdaq is also very close to the low point in November last year, basically in line with the judgment of a month ago. It is unknown whether it will fall below the low point of November last year in the next two weeks, but the cost-effectiveness is gradually emerging and we can start to allocate the first wave of positions. The same goes for Big A, whether it can fall below 4000 is still unknown, but at least there needs to be some position. At present, we still maintain the view of the past two months: we believe that March to April is the time to build positions in a downward trend, and we are not looking at a major collapse at the moment. Cryptocurrency has been the most attractive asset in the market over the past ten days, with the trend of "pancake">"A-share">"US stock". There is currently no sign of the end of the rebound. However, it is still not believed that 6w is the bottom of a bear market, and the current trend is somewhat similar to that of July 2022. More time is needed to verify. Either rebound high enough, such as eating up 70% of the 9.8w decline, or wait long enough above 7w, such as 3 months or more, to determine the bottom of 6w. At present, these conditions are not enough, continue to view it as a rebound. 7.9-8 is a relatively strong resistance zone. I have been practicing martial arts with the masters of the Sanfeng Sect in Wudang for the past month. Every day, I have been feeling sore all over my body, but my qi and blood are also smooth, which is quite refreshing. It's just that after practicing during the day and at night, I'm exhausted and don't have the energy to post on Weibo or Twitter anymore. There are also benefits, which is forcing oneself to give up short-term trading.