Having gone through the Bear Markets of 2018 and 2022, my judgment is: this round of Bear Market is far from over. A large number of scamcoins are bound to drop to zero, and many retail investors have already lost a significant amount. Those who have survived until now have basically accumulated some experience. Every day in the market there are new stories—this coin has a technological breakthrough, that coin has some favourable information, and the day after tomorrow is the next industry trend. But the truth is, the current spot strategy has only two paths: either closely follow the confirmed Bear Market leaders like FORM, or simply take a short position and wait for half a year. The vast majority of combinations are traps, they are pitfalls. This is not pessimism; this is what survival during 2018 and 2022 has taught me.