Record some opinions after clearing positions at an average price of 113k in this bull market: 1. Building positions in a bear market and selling in a bull market should be within an expected range rather than a certain price. The monthly rhythm of the current bull market (2022.11-2025.10) is relatively easy to judge compared to the previous round, and is almost the same as the rhythm of the "Cao Zhi Debate" where there is a burst of energy followed by a decline of three waves. Corresponding to technical analysis, the A-wave after the 5-wave structure of the wave theory has been confirmed. Even if there is a rebound due to various short-term positive factors, it will only be a rebound rather than a reversal 2. The excellent clearance range of 105k-126k on the left and right sides is now gone, and the probability of subsequent B waves rebounding to this range is very small. Looking back at history, it is important to understand that a bear market is not a single line that falls to a certain point before it is called a bear market. It is a time span that extends to one year, with 3 steps down and 2 steps up, 5 steps down and 3 steps up, and finally 7 steps down and 3 steps up and 5 steps up. The trend of the center of gravity gradually narrows and oscillates within a narrow range before bottoming out 3. Most of the so-called top flight list indicators in this round have become invalid. If there were no people who truly trust their own shipping strategy, they would still be in a 100% full position waiting to fall. In the next round, it is necessary to establish a top flight list that suits their own strategy and dynamically adjust it 4. It's easy to conquer a country, but difficult to defend it. The main task for the next six months is to hold onto the fruits of victory, discard all medium and high-risk operations, and only adopt low-risk strategies with extremely high profit and loss ratios 5. At this point in the middle school of the bull to bear transition, there are still a bunch of unscrupulous institutions that have no brains to look at the end of the year at 150000, 200000, and 25000 yuan. Are they really brainless, not looking at history, not looking at the time period? It takes 30 consecutive days to reach 200000 yuan from the end of December, and then a bunch of people who realize later that they can buy at a high level still naively believe it. The timeline is extended to the next few years, and 200000 yuan is definitely achievable, but it cannot be the end of 2025, and the premise is to bear the psychological preparation of a high point pullback of more than 70%. The reason why these unscrupulous institutions shout like this is simply because their own goods are not sold out and they are looking for leeks to buy. Even if it rebounds to 100000 later, those institutions will sell faster than anyone else. If you really believe it, you will definitely be a big leek 6. Those who are still trapped at a high level and do not have their own shipping strategy are still fantasizing and believing in the institutions' claims that ATH can continue to rise to 150000, 200000, and 25W. Those who are slow to realize will wait until the average price of the micro strategy at the watershed between bull and bear in this round: 74000 is completely broken. Only then will they believe that a bear market has really come and accept reality. They will give up their illusions and start cutting slowly with a blunt knife. They will really start cutting meat near 70000, cut meat again near 60000, completely cut meat near 50000, and close their accounts near 40000. At this time, a new round of bull market (late 2026-2029) has quietly emerged. Hahaha, next year there will be another one. It's World Cup year, and bosses with a keen sense of smell may have already discovered the pattern and understood it. The World Cup is not the only event held every four years ⚽ ️, and also Big Cake BTC Bitcoin ———2025/12/1