According to CoinMeta, Zhongtai Securities stated that the pullback in mid-to-late August started as expected. After the market soared and then retreated, it has stabilized with reduced trading volume. The medium-term judgment that the market will strengthen again in September remains unchanged. This round of pullback provides an opportunity to increase positions on the upside; the key sectors for allocation are still technology manufacturing and non-ferrous metals. In the medium term, one can take advantage of the adjustment to increase holdings in Sci-Tech 50, non-ferrous metals, and gold. Entering September, if concerns about AI's revenue and expectations for the Federal Reserve's interest rate hikes further improve, Sci-Tech 50 may still see a trend of recovery. For short-term defense, priority should be given to manufacturing sectors such as power equipment and energy chemicals. For thematic directions, caution should be exercised with regard to AI on the client side and AI applications with a commercial foundation that rely on overseas computing power, waiting for the model release at the end of the month and the verification of revenue data.