Brother Feng has already talked about it, the bull market will peak in 2025, not 2024.

Don't underestimate the macro impact. First, the Fed's high interest rates, the high cost of US dollar loans, reduced loans, and tight liquidity.

Second, the high cost of deposits, people tend to deposit funds in banks, and liquidity is tight.

Third, the deposit interest rate is high, people tend to sell US bonds and deposit them in banks. US bonds will fall in price. But the US bond maturity yield is recorded on the face value and is unchanged. Because the yield of US bonds will rise (in fact, the US bond yield has increased, but in fact, US bonds are worthless).

The 10-year US bond yield is recognized by the world as a risk-free asset. When the yield of risk-free assets increases, global risk assets tend to fall in price.

Of course, due to the previous excessive release of water and the influence of BTC ETF, the big cake may still rise. However, this does not affect the stagnation of the cottage.

The bad news is that the cottage performance is not as good as the big cake. The good news is that the bull market is still far away, and we still have the opportunity to absorb funds. When the big release of water, the takeover funds will enter the market one after another.