So far, the stock market trend has been consistent with expectations from the past few months, with several bottom fishing attempts in late March now mostly around the lowest point. The gold prices of major A-shares in Hong Kong are at their lowest point on March 23rd, with a one week delay in the US stock market. At present, the positions in multiple markets are ranging from 7 to 9 levels. Several major macro negative factors in the past month 1: The impact of war includes the issue of crude oil inflation (which has begun to weaken but has not been completely eliminated) 2: Doubts about the high investment return of AI (waiting for the financial reports of these companies in mid to late April) 3: European and American private equity credit risks (still fermenting, may extend outward and affect liquidity) At least two risks are close to being eliminated before the market can confirm a return to the bull market, especially the second one, which is an important indicator determining whether the AI narrative will continue. So although the prediction and bottom fishing were successful, it can only be said to be a temporary success. More time is needed to verify whether the fundamentals are safe. Due to the macro strength, encryption is temporarily unable to fall, and it is uncertain how high it can rebound. I have stock, but less than half.