Hello everyone, I'm Feifei. Recently, many people say that the bear market is coming, and many people say that the bull market is still there. So what stage do you think we are in now? Today, I'd like to share with you my opinion. Where is the bull market? Where is the bear market? In my opinion, the bull market has a lot of strong backgrounds, such as ETFs, and then production cuts. We have also seen a leap from before the Chinese New Year to now, but where is the bear market? The bear market has gone through the two months of the bear market last year in less than a week in three days. What it did in two months last year, it has done in three days. You can't prevent it at all, and this decline happened at night, and where did it start? It was after the report of the attack on Israel, a big needle started in the middle of the night, and everyone's heart pressure jumped out of it. In 30 minutes, it achieved a 10-point drop. Then let's take a look at it. On the 4th, Bitcoin fell another 10 points. Now everyone is most concerned about whether there is a possibility that the big cake will fall below 60,000, because things like international news cannot be controlled. For example, ordinary people have no way to control the war. But if Bitcoin falls below 60,000, the first position we need to pay attention to is around 58,000. If it really falls to 60,000 at night, you can just wait and see. If it falls to around 58,000, you can consider buying the bottom, buying the projects you like. At this time, you can buy the bottom of the cottage, because the cottage rebounds greatly, and then sell it quickly after making money. The current idea is this. So at 60,000, what is the limit of Bitcoin's decline? The limit is even difficult to reach 55,000. Why? Because the current mining cost of Bitcoin miners is about 50,000 to 52,000. So the mining cost is around this. If it continues to fall below 55,000, the buying pressure imposed by the miners will be very large, that is, the buying will increase infinitely, and many mainstream projects have achieved a 40% or even 50% correction in the past two weeks. If we continue to pull back, let's take a look at the current price of Bitcoin at 62,000. If Bitcoin continues to fall to 5.If 8w needs to be stacked with 7 points, then the corresponding cottage may need about 12 points. For example, if we stack 12 points at the current position of some mainstream Bs that we are optimistic about, then it will basically return to the previous low position. For example, if OP OP falls again, it will be about 1.8. At this position, you can completely consider bottom-fishing. The same idea applies to any other stocks that you are optimistic about. In other words, you can now place orders at a lower price of 12-15 points to prevent sudden pins in the middle of the night. If you can get the chips at this position, it will be very attractive. So, in the bull market, I want to tell you one thing, you should never be afraid of losing money. If you are afraid of losing money, you will never be able to win the market. It is like this. Then let's take a look at the international macroeconomics. In fact, the international macroeconomics has not changed much recently. First of all, some information about the United States that everyone is concerned about is nothing more than saying that the US stock market has weakened. Because the high point of the U.S. stock market is already very high, the U.S. stock market is a potential negative. Because now Bitcoin does not look at our domestic influence, its dependence on the U.S. stock market has increased. Because once the ETF is passed, the ETF's index will be aligned with the U.S. stock market, so we still have to pay attention to the U.S. stock market. The U.S. stock market is now in a downward channel. This is the first point. The second point is the war that we are concerned about. If Israel and Iran continue to fight, then there will definitely be a sharp drop, but the probability of this fight is very small. Why? First, Israel and Palestine have no intention of fighting and are just sitting here for peace talks because Israel’s goal has been achieved, and the United States does not support Israel and Iran to take action because this involves some American interests. So we will not do too much analysis here, but the United States is unwilling to let Israel and Iran fight. This is the second point. The third point is that although Iran has launched some missiles like Israel, these missiles have not caused any harm to Israel. It is equivalent to a deterrent effect, so there is no substantial fighting. We don’t need to pay attention to it in the short term, but it is obviously supported by the market now. Some big investors may say that there will be a war, so he is selling at the 620,000 position and there is selling pressure. It is relatively large now. There must be selling pressure on Bitcoin. Why?Because some funds feel unsafe, and as for today's Bitcoin trend, I think it is difficult for it to fall below 62,000 today, because its current position is 61,500, basically in the first half of the night, and it is hard to say after 12 o'clock, but overall, the probability of it falling below 60,000 is not very high, but you have to understand that it has this probability, because it is already within reach. Well, today's sharing ends here. Finally, if you want to learn more knowledge, please visit the homepage~