Friend asked me: Aren't you always bullish? Why are you bearish? Answer: Being bullish doesn't mean you have to endure the artificial highs of a one-sided rally. Appropriately being bearish in the short term is to better see the long-term bullishness. A one-sided surge with no turnover is all floating capital; only after easing does a rise with support form a healthy trend.

#加密货币ETF发展 Seeing the news that Bitwise has updated their XRP ETF application, I can't help but think about the significance of the development of cryptocurrency ETFs. While these products offer new options for investors, they also come with risks. We should approach them rationally and avoid blindly following the trend. The key is to maintain a long-term investment perspective and allocate assets reasonably. For ordinary investors, it's advisable to start by understanding the relevant knowledge, assess their own risk tolerance, and then decide whether to participate. In any case, safety should always be the top priority. I recommend everyone to stay cautious and not put all their eggs in one basket.