Da Bing is likely to hit bottom in the deleveraging trend following the US stock market: 1. The decline is getting faster and the slope is becoming steeper, clearly accelerating and beginning to increase volume. A parabolic upward trend is unsustainable, and similarly, a parabolic downward trend is also unsustainable. The slope should gradually slow down. 2. Is the Big Cake Adjustment increasingly resembling that of the US stock market? Https://(x.com)/qinba frank/status/1898261242068058542? S=46&t=k6rimWSEbo2D2TXolYcM-A means that when going down, it doesn't drag the water and deleveraging is done quickly. It's just that the momentum of the US stock market's upward trend hasn't reached its peak yet, and every upward trend in the past three years has been bumpy. 3. Then there is the time dimension: From a personal perspective, the real bottom of the 22 year bear market came in mid June rather than November (at that time, it was brought by the FTX storm, and Ethereum did not hit a new low in November 2022). It took about 7 months from the top in early November 2021 to the bottom in June 2022. This time it has been 5 months since early October last year, and the time dimension may be faster. So the big cake mentioned at the beginning is very likely to hit bottom in the deleveraging trend following the US stock market. In the morning, I tearfully bought a few pancakes at a price of just over 60000 yuan, fired a shot first, and started preparing to buy again when the market fell.