Thanks to Binance VIP for the invitation! @binancezh After 4 years, finally meeting face-to-face again to listen to Mr. Hao Hong's @HAOHONG_CFA lecture—learned so much! Here’s a quick summary of today’s meeting: Be cautious about bottom-fishing in semiconductors, stay bullish on gold and $BTC. A new $BTC rally is expected to kick off in November and December! I’m also a firm believer in cyclical investing. The cycles are unstoppable—those who follow thrive, those who go against perish. The last time I called for bold bottom-fishing in U.S. stocks and $BTC was at the beginning of 2023. Based on cycle theory, the cycle had bottomed out, and the Kitchin expansion phase was starting to recover—tech stocks benefit the most during expansion phases! This time, unfortunately, I didn’t strictly follow the cycle logic. More learning, more observing—aligning knowledge and action still requires more practice!