The panic effect is still present, either a black swan space wash or a prolonged time wash, but the bull market cycle is still ongoing. Do not blindly look to shorting; the biggest risk at this stage is still the risk of missing out on long-holding cycle chips. Artificial intelligence remains an important driving force in this Kondratiev wave cycle and is also considered the core of the Fourth Industrial Revolution. It is normal to have bubbles, but stacking computing power and technology can also eliminate them. Good companies do not rise every day; there is no undefeated strategy. A normal rhythm is to charge forward and then take a break. With defense in place and the courage to attack, fundamentals are okay, and certainty is sufficient. After you finish your performance, I will take the stage, quietly waiting for another big pump.