Yesterday, the central bank’s financial education publicity reiterated the risks of virtual currencies. Earlier this February, eight government departments issued documents to crack down on virtual currencies and RWA on-chain. Now, the three major central banks in Europe, Japan, and the U.S. have raised interest rates, and there’s no guarantee they won’t continue. A clear bill was rejected—will a bull market emerge in such a market? I think this is a phase of upside movement. I recommend staying cautious about pullbacks and this is not investment advice.