With the continuous buying and selling of 9 spot ETFs, the pie has been pushed up to 5.3w (currently falling slightly). The spot ETF has just been launched, and mainstream institutions are leading the continuous increase in holdings, and there is a high probability that it will be the same for a long time in the future. If you continue to increase your holdings, the support for the big pie will be very strong. If there is no black swan event, those investors in the market who are waiting hard, short-term, and want to see a plunge of -30% or more will be completely dumped by the bull market. Yes, Brother Ming had this idea before, but later he revised his expectations. The 30% bullet that Brother Ming reserved before was originally intended to prevent a sharp drop. However, after the SEC approved the spot ETF, the fundamentals have become more substantial, and it may no longer be The plunge due to liquidity problems is something I have been thinking about before, but it does not mean that the market will continue to rise. It does not exist. Taking two steps and one step back is a healthy way for the bull market. A correction will definitely exist. It’s just that the range may not be that much. Brother Ming still sticks to the point of view in the previous post, with 30% of the remaining positions. The plan is to slowly enter the market if there is an opportunity, and will no longer seek to buy after a sharp decline. It may really not be possible. It will happen, but I still want to wait until the pie is halved and then take a look. Even if the position is only 70%, Brother Ming will not be short-term.The Federal Reserve will definitely cut interest rates this year. The question is when. The market currently expects the Fed to cut interest rates in June, that is, in the second half of the year. The pie after $53,000 needs the next narrative event to continue to push it upward, so halving the pie + cutting interest rates is the next narrative event. , enough to push the pie to a record high position (6.9w), when will it happen? Brother Ming doesn’t know. He only knows that it is a high probability event within this year. Therefore, there is really no need to mess around with existing positions. Chaos in the bull market can only lead to "the harder you work, the more unfortunate you become."I am Brother Ming. I have been in the trading market for more than ten years. If you have any questions, please contact Brother Ming. Welcome to chat!