I remember mentioning a judgment back in October.

The prevailing view at the time was that the cryptocurrency market was very likely to enter a continuous quarterly decline over the next few months, with the downturn possibly lasting for 2 to 3 quarters. The key point is that this decline is not the kind that will bounce back afterward—don't expect any significant rebound, let alone any fifth wave market.

To be honest, I also thought there would be a significant rebound opportunity before. But now, even if there is a pullback, the strength will be quite limited.