Some students asked me, “Is your analysis of the bull market’s走势 (price trend) for Bitcoin teaching better now?” I said yes, and I’ll share more with you later. How high do I expect this cycle’s Bitcoin rally to go? About 20–40万 wu; possibly more than 50万 wu. But you can’t go all-in or top it out. I might be wrong—maybe it won’t rise that much. First, protect your capital. Under no circumstances should you directly go all-in (“梭哈”) or use leverage to gamble.

As for altcoins: if there’s one you like, hold it yourself—protect your principal. Do not benchmark altcoin gains against Bitcoin’s growth. The bull market in 2025 already gave everyone a painful lesson. On top of that, exchanges have listed on the US stock market, absorbing a large portion of liquidity. The probability that altcoins will explode upward is low. Ethereum (ETH), BNB, SOL, OKB, GT, BGB, AAVE, HYPE, ONDO, LINK, etc.—you can buy them, but the key is to protect your capital and let profits fly.

Explain the wave theory to them: when the first wave starts, many people don’t understand. They think it’s just a rebound, and when the price rises and people get back to even, they sell. If Bitcoin rises to 730–760 as I judged, many will only think it’s “just a rebound.” The second wave pullback happens because there’s heavy selling pressure after the surge—retail investors’ force is too large, and they start distributing. Only when the “smart money” gets active and pushes the third wave up to 90,000–110,000 will people realize, belatedly, that the bull market is here. By then, we have already made close to double.

This is the difference in cognition. Remember: when Bitcoin hit 124—i.e., August to September 2025—I kept saying the bull market was over. Then Bitcoin rallied again to 126. Many people came to curse me, saying I’m an idiot, that my predictions and analysis are wrong, that I’m a fraud, that my level is trash. I didn’t argue. I followed my own understanding and reduced exposure at high levels. I cleared out where I needed to clear out, and I informed all the students at BTB Investment Research of my view and the reasons behind my judgment, and I required them to execute according to the plan. A few days ago I summarized my predictions from last year when I forecasted the shift into a bear phase. Looking back, my predictions were broadly correct. But whether they’re “correct” isn’t the main point—what matters is escaping the top and achieving the outcome. As for those who criticize me, I’ll respond with strength and facts. Time will prove everything. I only need to take good care of the BTB Investment Research students.

At the same time, I emphasize: my prediction might be wrong. We must always respect the market—be as careful as walking on thin ice. Be cautious and never be overly confident, especially after you’ve made a lot of money. Always remember to thank the market and the heavens. Prepare strategies to deal with market moves that are different from your prediction.