The rise has been too rapid, the market has gone crazy, it's too strong, with no pullbacks at all. Infinite issuance of U to pump up prices, all technical indicators have become invalid. Don't be overly reliant on technical analysis; popular posts are from friends holding short positions, using holding strategies to increase their win rates will be punished by one-sided market trends. Even if you get lucky this time, there will always be a time when you get liquidated. Once you're liquidated, you have nothing left. Your trading strategy is fundamentally flawed; the end result will always be liquidation. Only liquidation will change your trading habits. Short sellers and those missing the boat are very uncomfortable. Guessing the top in the early stages of a bull market is truly meaningless, just like trying to catch the bottom in a bull market; you'll end up selling halfway up.

First: The 'Trump Effect', winning the election is just the first step, taking office is the second step, and real-time cryptocurrency policies are the third step, with each step continuously fermenting.

Second: A 50 basis point rate cut in September, a 25 basis point cut in November, and even if there is no rate cut in December, there will still be opportunities for rate cuts in 2025.

Third: Crazy buying by institutions, the influx of spot ETFs, led by BlackRock, which is optimistic about the large A-share market.

Fourth: Favorable policies, regulatory easing, and Trump being the best supporter for passing the Bitcoin bill, with CCTV reporting Bitcoin hitting new highs.

Fifth: Changes in the financial environment, especially after Trump's election victory, everything underwent a qualitative change.

Sixth: Market sentiment is high, and retail investors are madly following institutions to buy.