#比特币价格反弹 Seeing today's global rally, a familiar feeling arises in my mind. Bitcoin broke through $93,000, Asia-Pacific stock markets rose to new highs, and gold and silver also followed suit—this scene reminds me of the key turning points in the past few cycles.

The madness of 2017, the recovery of 2020, the peak of 2021, and the winter of 2022—I've witnessed every market pulse. What’s different this time is that the correlation among risk assets has become stronger. The simultaneous rally in stocks, crypto, and precious metals indicates a subtle change in the underlying market logic—liquidity expectations are shifting, safe-haven sentiment is retreating, and growth expectations are being re-priced.

But I want to remind everyone not to be fooled by this broad-based rally. History has shown me that the easiest time to miss out is often when all assets are rising. The crazy rally at the end of 2017 and the high in November 2021 were both brewed during such "all-round bloom." The phenomenon of altcoins leading the charge is especially worth cautioning—this is usually a sign of overheated market sentiment, not a healthy rebound.

The real test is not during the ascent but when the top is reached. The key now is to observe the durability of this rebound and see whether it’s merely a technical correction or the start of a new cycle. Stay vigilant, but don’t miss the opportunity—this is the lesson I’ve learned after so many years in this market.