Discussing personal views based on Shufen's tweet: 1) Regarding BTC trend, we started discussing the potential end of this wave of growth since mid-April by late May, and now further emphasizing that it might face a downturn or show signs of weakness after the impact of the Israel-Iran conflict, requiring caution. 2) The cyclical effects of BTC in the past may be weakened, as the driving logic has completely changed (from four-year halving to macro-driven). Therefore, a perspective proposed at the beginning of the year: for BTC, instead of defining the market as "bull" or "bear", it's a large-scale trend (upward or downward), which might be a more objective view of the current market. Leaving aside the cyclical perspective, looking at staged trend movements might be more beneficial (wave by wave). 3) Regarding Altcoins, a tweet about Altcoin recognition iteration was written last year: Current small coin issues are a settlement of the past few years of VC primary market's aggressive progress; a demonstration of most narratives being falsified; a result of low cost of misconduct by core teams of crypto projects; and a manifestation of the market's overall maturity and effectiveness. In the future, it should no longer be a comprehensive Altcoin season, but rather a season of local hotspots (targets with high consensus and good liquidity). What should emerge is a "fundamental season", where projects with true innovation, valuable implementation, and continuously improving fundamentals will receive the most attention and support.