These days, many chat groups are saying that some new official document will be issued within the Great Firewall to crack down on virtual currencies. I laughed—when something like that is released, it's usually not far from the peak of a certain period. Looking back, before the peak of each bull market, regulatory voices are particularly loud. This pattern was repeated in 2019 and 2021, with news flooding in, and Bitcoin peaked. But on the other hand, when the bear market is at its worst, when the media begins to mock and experts call it a scam, that's actually the best signal to buy the dip. Because no one believes it, no one buys, and the chips are clean. Now, I don't panic when I see this news; I just use it as a wind direction indicator. The more regulators shout about risks, the more I start to prepare my positions. Because history has repeatedly shown that policies can't scare away faith; instead, they reveal the true bottom.