The market in 2025 is like accumulating strength through fluctuations, and 2026 will be the real breakout period. Currently, this period is just the stage for adjustment and preparation.

Looking back over the past year, the judgments at several key points were quite accurate—on April 22, I positioned long-term longs around the bottom area, with the target once reaching 126K; the black swan flash crash on October 11 also issued a timely warning, helping many to successfully exit and cut losses. To be honest, in this market, bears are always moving forward on the panic of retail investors. I can't say I always buy the dip and sell the top profitably, but at least I can help people avoid some common pitfalls.

The biggest risk in trading is greed. The real skill lies not in chasing every small trend, but in accurately judging when to take profits before the trend reversal point arrives. I have always emphasized exchanging small risks for cyclical gains; if executed properly, there will definitely be a harvest period. Sharing trading ideas in real-time every day, and also openly admitting mistakes when they happen—after all, no one dares to claim a 100% win rate. Using controllable risks to seek excess returns—that's the proper attitude towards this industry.

The cyclical patterns of Bitcoin and Ethereum are still worth paying attention to. Manage risks well, and the rest is just patiently waiting for the right moment to position.