One commonly discussed view recently is that after being in a bear market for a long time, people’s thinking becomes固化—turning a rally into a short, repeatedly doing T trades, and treating all altcoins as trash. What I care about more is whether this kind of framework itself might trap you first, rather than rushing to judge the direction of the market. As for whether altcoins are all trash, I’ll keep my judgment. I’d rather first distinguish specific assets before we talk in general—I don’t want to use one bear-market experience to cover everything.