BTC in this wave of the market, is anyone still expecting a big move from the transition speech? Save your hopes.

To be honest: it’s like the cafeteria is about to close, and the chef giving out the last plates, shaking the ladle three times—how much meat can they leave you? It’s all broth. Those flattering words are just surface oil floating on top; they look tempting, but what can you really get from drinking them?

Don’t treat the transition ceremony as a source of insider information. Someone about to hand over power has already polished their lines with the PR team a hundred times. Do you really think you can dig out a "positive signal" from between the lines? Wake up—those warm, heartfelt phrases are just to leave some maneuvering room for the successor—so that when the new leader changes the tune, you can still say, "The predecessor was quite decent."

Is the market waiting for so-called "clear signals"? Mostly, what they get is the start of the harvest. Every word will be used by institutions as an excuse to dump or to pump. You’re analyzing economic data? They’ve already written the script long ago.

Look at it from a different angle: the handover of the new and old chairmen is essentially just swapping the person executing the same set of game rules. No matter how beautiful the last few statements of the outgoing leader are, they can’t change the fact that the policy toolbox remains the same. You get excited over press releases, hoping that changing the person will turn things around? Don’t overthink it—changing people doesn’t change the system. The way it’s played remains the same.