Haha, I drank too much last night. I always feel completely out of control after half a jin of baijiu (Chinese liquor), so I just collapse and sleep as soon as I get home, unable to read any comments. Usually, I wake up around 5 or 6 am the next day and catch up on the comments then, but this morning was different.
I woke up at 6 a.m. just as the blockchain market crashed. Bitcoin was hammered down to 62,000, and I was instantly wide awake. The blockchain world really doesn't tolerate idlers. In mid-January, Bitcoin was still at 3,400, and this morning it was down to 1,700. It was halved in less than a month. That's incredible speed.
Looking back now, I wonder if my trading strategy of only selling and not buying, along with two-dimensional position reduction, has proven its worth. Actually, I was bearish a bit too early; the market rallied again in the second half of last year, rising another 20%. But the pre-set plan wouldn't be easily changed. Trading judgments can never be perfect; it's when you encounter deviations and setbacks that your resolve is truly tested.
I mentioned the targets for this round of bear market last night: Bitcoin would definitely reach the 50,000-60,000 range, with a conservative target of 40,000-50,000; Bitcoin II would definitely reach 1,500-1,800, with a conservative target of 1,200-1,400. And this morning they reached 60,000 and 1,800 respectively.
By the time I finish everything, the A-share market will be about to open. I figured that even if I looked through the comments, not many people would be reading them. Oh well, I'll just skip a day of work. My readers have their own jobs and sick leave, so they probably won't blame me.
Then the whole family took the high-speed rail and split into two groups. My wife took the two kids to my maternal grandmother's house in Suzhou, while my mother and I went back to our hometown in Taizhou. The high-speed rail journey took eight hours, and we were exhausted. Someone had asked us before why we didn't take a plane. It's because there's no airport in Linhai. We could only fly to Luqiao or Ningbo, and then we would have to transfer trains with all our luggage. At least the high-speed rail is a direct route.
My hometown is a county surrounded by mountains. In ancient times, transportation was extremely inconvenient, and it would take seven days to get to Hangzhou. Even when I was in elementary school, it would take seven to eight hours to travel to Hangzhou by car along winding mountain roads.
The most memorable time was when we left Hangzhou at 7 PM and got off at Linhai Flower Street at 2 AM. My mom shook me awake from my deep sleep. I was only six or seven years old then, and as a child, I slept very well, so being woken up in the middle of the night was extremely distressing. I had to accompany my mom as she dragged our luggage for a kilometer home. That kilometer was a nightmare for me. I was sleepy, cold, and exhausted, and I desperately wanted my mom to call a car to take us home, but the streets were deserted in the middle of the night. I could only grit my teeth and walk that kilometer, half asleep and half awake.
I don't know why I suddenly told you about this experience. Maybe it's to reminisce about the bitter past and appreciate the present, to express how grateful I am that I no longer have to suffer like that.
Nothing much happened in the industry today. The most common jokes I saw on the train were about Alibaba giving out red envelopes to promote its Qianwen AI platform, and the same old milk tea gimmick—the orders were so high they paralyzed many milk tea shops. Ordinary people might find these jokes nonsensical, but as a shareholder of Hang Seng Internet, they annoyed me. The stock has been down 3% since the beginning of the year; the milk tea you're drinking is laced with my blood and tears. 
That's all. I arrived at 9:30, without having eaten lunch. I just grabbed some oden in the taxi and came in for my shift. Strangely enough, my brain was like it was constipated on the high-speed train; I couldn't squeeze out a single word. I had to get home and put my computer on my desk to be able to type anything.
That's all for now. If there's not enough space, I'll make up for it with comments.
Original Article: View Chinese Version
