The song is called "Dream Chaser".
According to Kuwo Music, I learned that "Dream Chaser" is a song composed by Luo Dayou and invited by Feng Feifei to sing. It was originally to commemorate the Taiwanese female writer Sanmao who died in 1991. This song later became It was the ending theme of the then-popular Taiwan TV series "Snowy Mountain Flying Fox".
There are multiple versions of this song. In addition to Feng Feifei’s original singing, there is also the Taiwanese version of "Broken Dream" by Luo Dayou and the OK Men's and Women's Choir, the Mandarin version of "Dream Chaser" by Wu Qianlian, Kim Min-ki's Mandarin version of "Dream Chaser" (theme song of the 2022 web drama "Flying Fox").
Song passage: Let youth blow your long hair and let it pull your dreams. Unknowingly, the history of this city has remembered your smile. The blue sky in the red heart is a life. In the beginning, you slept alone after a sleepless night in the spring rain.