A-shares at 4000 points, historically only the bull markets of 2007 and 2015 have stood above 4000 points, and there have only been 237 days above this level; the vast majority of the time has been spent fluctuating below 4000. For friends involved in stock trading, recent events can be seen as a recovery, but while making money, one must also ask oneself, has the essence of A-shares changed? The answer is clearly no. The logic behind this surge is relatively easy to understand:

First, there is the release of global liquidity, with stock markets in dozens of countries reaching historical highs. Second, it supports state-owned enterprises to raise funds through the stock market, relieving pressure on local governments.

Thus, the global capital feast continues, and when the drumstick will drop remains unknown. However, from the perspective of investor sentiment, A-shares are likely to rise further. Before 5000, I should completely leave this market, bidding farewell to the market I have been fascinated with since my school days. Although I have taken many detours following A-shares, it is precisely A-shares' weakness that led me to enter the cryptocurrency circle early, which can be considered a blessing in disguise.