Gelonghui May 19| According to Yicaigameswiftcrypto, Tianfeng Securities Research News saidgameswiftcrypto, policy increases and is expected to cool down, and A-shares are expected to remain dominated by structural opportunities in the short term. Trading opportunities seeking certainty are declining. Since April, the AI sector's trading congestion has dropped rapidly and is currently only at the historical 36% quantile, while the dividend trading congestion still reaches the historical 85% quantile, which is at a relatively high level. We believe that it may be necessary to avoid dividends in the short term. The risk of correction caused by overcrowded trading. In terms of total volume, A-shares are expected to remain dominated by shocks with limited incremental policies, focusing on structural opportunities. Core assets, especially incremental manufacturing exports and consumption sinks, have more room for valuation repair.