After a slight rebound, many people are shouting 'bull' again. This market really doesn't lack chives. The big cake has not yet bottomed out, and the bottom formed in late Q3 to early Q4, with a range of $45000 to $55000 at the bottom. Institutional reduction in positions for hedging has led to a drying up of buying demand. The flow of funds to the AI track has weakened the stock game of risk assets. Tightening liquidity directly suppresses the pricing of high leverage projects and lacks short-term upward mobility. Long term opportunity: phased layout in the range of 45000 to 55000 US dollars!