There is an important PCE data to be released tonight. If the data performs well, the market may rebound. However, the biggest problem right now is that the market trading volume is too low, making it feel particularly quiet.
Retail investors have tried to catch the bottom several times before, but ended up getting stuck halfway up the mountain. Now they have learned their lesson and are hesitant to act easily. Everyone hopes that tonight's data can be strong enough to drive a market rebound, give some confidence to everyone, and make the market active again.