Good evening, friends.

Welcome to watch the shared content of the group every night at the
same time. Due to the holiday, today is the last trading day of this week, as well as the last
trading day of March and the first quarter of 2024. Tonight, I will summarize the market for you
from different cycles and predict its trend.

After the early morning opening of NIFTY, it has been fluctuating and rising, with the highest
increase to 22,500. It fell rapidly in the last hour before the close, leaving a long upper shadow on
the K-line chart. This rapid decline is caused by the concentrated selling of funds, which is
obviously the trace of institutional concentrated selling. It is impossible for a large number of
ordinary investors to achieve concentrated selling.

At the daily line level, 22,500 is under greater pressure. When the upper shadow appears near
the pressure level, it indicates that there is really a selling force here. From the structure of the
K-line combination, the probability of NIFTY fluctuating downward after entering April is very
high. The first support below is 21,800, and the second support level may be the
inclined support line.

Although some blue chips rose today, I have reminded everyone that they are not important
stocks and industries, so the rise cannot drive the overall buying enthusiasm of the market. When
the market lacks a focus, the rise in the market is difficult to sustain, because institutions do not
believe that these stocks will continue to rise, so it is only short-term trading.
Entering April, we should be able to see a similar market operating logic to before: the market
squeezes high-valued stocks again, or stocks without growth, and funds will continue to flow out
of them. The outflowing funds will continue to buy high-growth stocks for longer-term capital
precipitation. We can simply understand that many large funds are adjusting their positions
through the sideways movement of the market in the medium term.

The weekly line of this week cannot effectively explain the problem, because the actual trading
time is too short. But from the perspective of time and space, they do not match. There is more
room for upside, and the sideways time is shorter. If the space is like a tall house, then time is its
foundation. The foundation must be firm in order to build a taller house.

The weekly line oscillation structure of NIFTY is now in the form of an ascending triangle. At the
end of the triangle structure oscillation, the K-lines will break through in the original trend
direction. Oscillation structure is the inevitable result of the trend. When the trend provides us
with profits, we also have to bear the profit withdrawal brought about by the oscillation. Roses
and thorns always appear at the same time. The guidance of the stock market weekly line tells us
that the stock market will continue to rise, and we should wait patiently.

NIFTY's monthly line maintains continuous growth, although the trading volume has increased,
the increase is very small. If the selling above does not increase, the increased trading volume
can push the index to a higher position. There are three main reasons for the increase in selling
pressure: the first is technical adjustment, which is the main factor; the second is to deal with the
shift in the Federal Reserve's monetary policy; the third is due to valuation bearish news.
Technical adjustment is to consider the problem from the perspective of time and space. The
basis of the development of everything comes from them, so it is the most important reason. The
shift in the Federal Reserve's monetary policy will inevitably cause the stock market to rise after
June 2024, so before that, institutions hope to use the adjustment to clear more investors who
are not firm in their will, and continue to buy a large number of cheap chips.

Finally, the bearish valuation news will continue to ferment. It is the reason for the continued
market adjustment, and also the best reason to force most investors to hand over their chips.
Remember, because there is selling pressure in the stock market now, the bull market has not
ended. The stagnant K-line with slightly enlarged trading volume tells us that there are still many
counterparties. As long as the number of bearish people increases, the stock market will rise.

The content of the courses in the recent few days requires more thinking. By understanding these
contents, we can choose the most appropriate investment variety at different times. Many
friends have sent me their understanding of gold recently, and also want to know why Bitcoin
rose 5 times more than gold in 2020. Tonight, I will interpret the process of the market boom in
2020 and my trading thinking at that time to you.

In 2019, the difficulties faced by the world included: Brexit, the Sino-US trade war, deflation, and
so on. So the Federal Reserve decided to start gradually lowering interest rates. At that time, I
observed that the consolidation cycle of gold had been 7 years. When I knew that the Federal
Reserve might carry out the first interest rate cut since the interest rate hike in December 2015 in
two or three months, I was sure that the consolidation of gold would be broken. I remember that
since June 2019, I started to buy gold at a price above $1,350, and since the purchase, as the
expectation of interest rate cuts continued to rise, the price of gold quickly came to the
level of $1,600.

Next came the once-in-a-decade pandemic. Although I made a lot of profits from this event, I did
not look forward to the pandemic. By mid-March 2020, the selling caused by the panic due to the
event began to spread in the gold market. But I always follow the basic principle analysis. I think
this kind of decline is unreasonable. Gold is a hedging variety. Coupled with the rapid interest
rate cut and balance sheet expansion of the Federal Reserve, how could gold fall? Therefore, with
many years of investment experience, I chose to trust myself, and I chose to increase my funds to
buy at $1,500, because it is absolutely illogical for gold to be sold at this time. The result is as you
can see. I finally chose to sell gold to lock in profits during the acceleration period near $2,000.
Speaking of this, let me explain to you the meaning of the acceleration of the market. The
acceleration of the market as I define it refers to the formation of a top after the acceleration at
the end of the market. After accumulating the gains in the early stage, because the funds want to
profit from selling, the institution will concentrate its capital to make the final wave of pulling up,
achieving the illusion of rapid and large gains, thus creating a better luring effect to help itself
profit from selling.

When selling gold, I compared it to the VIX index. Why did the price of gold not reach my
expectations despite so many risk events overlapping? The VIX index reached a high of around 80,
which is about three times higher than the historical high average, indicating how panic-inducing
the overlapping risk events were at that time. Why did gold only rise by 50% despite the positive
news of the 2019 rescue-style interest rate cuts? The only thing I could be sure of at that time
was that the market must have other sectors for a rebound, there must be assets for emotional
release, because any sustained hot spot requires rotational growth.

Finally, I chose a familiar variety. At that time, the buying price I chose was 10,500. There were
three reasons for my purchase:
First, gold's hedge was not fully expressed, so there was a need for a similar asset to replace gold
for continued speculation.
Second, the complete technical box waiting to be broken through was my favorite structure. In a
bull market, all resistance levels are broken.
Third, at that time, the depreciation of the US dollar was rapid. Global distrust of the US dollar
increased because the pandemic disrupted supply chains to varying degrees. Therefore, the US
dollar decreased in international trade settlements, which also reduced the weight
of the US dollar.
Subsequent events proved that my choice was correct, because whether now or during the
epidemic, the choice of investment varieties that meet the demand for inflation resistance and
risk hedging is either gold or Bitcoin, which is similar to its attribute. After half a year of holding,
the profit accumulated by 500%. Bitcoin has provided me with huge profits, and also provided
the financial basis for me to establish the college and invest in the real industry.

The experience from the hedging varieties in 2020 also gives me a lot of hints now. For example,
when the global demand for assets with hedging attributes decreases, since there are very few
varieties with hedging attributes, the trading of gold and Bitcoin will be very crowded. As the
economy gradually returns to normal and inflation is gradually controlled, hedging assets may not
be the best choice for a considerable period of time in the future. With the advent of the Federal
Reserve's precautionary interest rate cuts, the global capital's pursuit of the real industry may
increase, so the actual value and price of gold and Bitcoin will both decrease.

Actually, from 2020 to 2024 is a relatively independent and contradictory economic cycle. In a
very abstract sense, what happened during this time was independent because of these sudden
independent events, and countries around the world also took independent measures to cope.
After these independent events, all measures should return to normal levels. In fact, this cycle
should not have any connection to what happened before 2020 and after 2024.

I am looking forward to what the era will look like after many of these mistakes are corrected,
and I am also looking forward to the opportunities before the market returns to calm. As a
progressive investor, I never complain about the market, nor about the political or economic
environment. The number of investment varieties in the global market remains relatively
unchanged, while the pool of funds has been growing, and the ways of investing tend to be more
diverse. We must constantly enhance our knowledge reserve, only in this way can we grow.

I think the decline of gold and Bitcoin is inevitable. With the reference of the previous risk-averse
sentiment, I can be more certain of the space below them after the risk-averse sentiment
disappears. The reason for the rise is the cohesion of the risk-averse attribute, and the reason for
the decline will inevitably be the dissipation of the risk-averse sentiment. Bitcoin will have more
active investment attributes under the attention of institutions and traders, while the attributes
of gold are more stable. Regardless of the magnitude of the rise and fall, it is not as good as
Bitcoin. After all, gold is one of the commonly used reserves of many countries.
In fact, you can see from my holdings that I am very optimistic about the "soft landing" of the
global economy. I don't believe in the rhetoric of panic and economic recession. In fact, these
remarks will not happen within 3 to 5 years, because we need to respect the operating time of
each economic cycle from a historical perspective. Instead of believing in the small probability
event of an economic collapse, it is better to believe in the high probability event of the macro.
The country with the largest population in the world, India, will definitely take advantage of its
own advantages to continue to drive the global economy forward for 5 to 10 years.

Although the two stocks in the EG plan have performed steadily overall, this progress is not what
I want. Faced with the mid-term market adjustment, I should help everyone through the
bottleneck period of profit growth. At this time, it is important to hold stocks on one hand and
diversify investments on the other. I hope you can find your own certainty assets to help you get
through the market adjustment period. I shorted Bitcoin between $72,000 and $73,000, reduced
the short position at $63,000, and I am now waiting for the formation of the second peak.

The future market may experience frequent adjustments, so whether it is gold, Bitcoin, or other
varieties. As long as you use the knowledge you have learned in the college to switch investments
among multiple varieties, choose different varieties in different cycles, and find certain profits,
you will have more gains and can achieve financial freedom sooner. We can't avoid the
adjustment of the market. Since we can't escape, we can only choose to actively
respond to the changes.

Your questions and my answers are all written above, hoping to be helpful to you. I hope our
communication is like that between friends. If you have any questions, you can come to me or my
assistant. I don't want you to choose to be silent in the era when we should make the most
money. I even less hope that anyone among us will be tortured by the traps in the market.
Everyone, that's all for tonight's sharing. See you all on Sunday evening! I hope you all have a
pleasant holiday.