There is no absolute bottom; you should look for a suitable bottom range for regular investments.

In the past week, the slowdown in economic growth and the decline in inflation expectations have once again sparked the narrative of a soft landing, which is not the first time we have seen this situation...

The stock price once again challenged its historical high in the morning session, then retreated. BTC remained stable at recent highs, with trading activity being subdued. However, Coinbase's stock price fell by 9% yesterday, significantly diverging from BTC's price.

Despite the volatile price movements during the day and the thin order liquidity making the profit and loss situation still quite tense, the market was able to take a breather yesterday. In terms of cryptocurrency, the BTC price did not further break down, hovering around $64,000 as of the time of writing. However, the performance of other tokens is far from that of BTC...

While institutional investors took a break, the proportion of options trading volume by retail investors reached a historic high, pushing the average daily options trading volume in February to an all-time high. In terms of cryptocurrency, after experiencing the pressure of continuous selling of GBTC last week, BTC returned to the $70,000 range.

This week, due to the holiday, market trading activity has slowed down, with trading volume at about 70-80% of normal levels. In the stock market, the recent rally has pushed the SPX index to many Wall Street forecasted year-end target prices.

The non-farm payrolls for February, released last Friday, showed a significant increase of +275,000, but the previous value was revised down sharply by 167,000, and the unemployment rate surged from 3.7% to 3.9%. Risk assets experienced a pullback last Friday afternoon, with the semiconductor sector dropping 4% from its peak, value stocks performed well, the dollar rose, while BTC has not yet re-challenged the $70,000 mark.

The traditional financial market experienced range-bound fluctuations yesterday, with the stock market consolidating within a recent range. However, due to an increase in corporate bond supply, the overall yield curve rose. In the cryptocurrency sector, mainstream currencies, altcoins, and memecoins all gapped up, with investors on X/Twitter mentioning substantial gains everywhere.

“People tend to forget that the world we live in is just a game designed by our governments. Our economic systems are just a game.”— CCP Chief Executive Officer Hilmar Petursson.