Looking at the market situation at the same time last year, the outlook isn't as pessimistic as it seems. I tend to believe that market sentiment has fully recovered after yesterday's news about Lao Huang, but it will take time for positions to be cleared out. Furthermore, the return of liquidity will also take time. To put it simply: market liquidity will begin to return after mid-to-late November, and the market will rebound. The current pullback driven by sentiment is a continuation of yesterday's clearing out, which is a good thing.