The current price of 45.92 yuan with a market cap of 3 trillion is overvalued. It's recommended to reduce positions when the price is high. The 50-55 yuan range is the 'greater fool' zone, and anything above 65 yuan is extremely overvalued and can be fully exited. A normal valuation is 0.8 trillion to 1.2 trillion, corresponding to a stock price of 12-18. In the future, you can consider buying and positioning within this reasonable valuation range.