There are more and more new projects launched, which dilutes the liquidity of the market itself, resulting in a worsening money-making effect. This is why our current circle may become more and more difficult in the future as the cycle develops. Because, in the absence of changes in macro factors, the current market is actually in a state of stock game. Whether the Fed cuts interest rates is the key factor for the bull market to come. In the absence of actual funds entering the market, this wave of many cottages has hit historical lows again! There is no sign of stopping the decline at present, mainly due to insufficient liquidity, and the takeover is indeed limited. Many valuable labels have fallen below the previous lows, which is really miserable! So, don't gamble, it will definitely not fall far!