Recently, the performance has been very poor, and I need to reflect on it. There were no problems with the predictions regarding the alt season and interest rate cuts, but unfortunately, trying to take a wave of reverse trades in between disrupted the entire rhythm. No matter what I did, it felt wrong. Gradually, I started looking for junk coins to take heavy positions to recoup my investment, but instead, I slowly fell into a cycle of losses. The lesson learned is profound, and the losses in hard cash are also real. I apologize to all the brothers following my trades; I have let you down. Regarding today’s Fed meeting, the interpretation has basically been completed. I would like to share a few key points from Chairman Powell's speech: 1. The independence of the Fed is very important; it can counterbalance the daily murmurs from the yellow hair and may lead to subsequent retaliation. 2. A 25bp rate cut meets expectations, nothing much to say. 3. Regarding the future trends, I am bearish overall, suggesting shorting at highs. The U.S. stock market, especially the S&P, shows clear weakness after hitting new highs. High positions combined with not exceeding expectations lead me to lean towards the U.S. stock market starting to enter a bear market. That's it; I won't update the account anymore unless there are new judgments regarding the bear market. Unity of knowledge and action.