A true bear market is when projects are ignored, social platforms are deserted, offline events are sparsely attended, and everyone is discussing 'how to change careers'.

But the current situation is far from that: project teams are active on social media, market makers are quietly positioning themselves, the media is constantly creating hotspots, and discussions about 'the next wave of opportunities' are rising and falling at various roadshows and gatherings.

What does this mean? It indicates that market sentiment is still present, funds are still flowing, and investor enthusiasm has not waned.

As long as people's spirits are not dead, the foundation of the market remains stable. Although there may not be a dramatic surge in indices in the short term, one can feel a sense of momentum building from people's interactions and exchanges.

Therefore, I believe that this is not a bear market, but rather a stage full of variables and potential.

Everyone is waiting for key signals; once triggered, the market will explode instantly rather than rising slowly. Looking back years later, this moment may be a perfect time for positioning.

Creating content, making investment decisions, and analyzing the market all ultimately require an understanding of human nature, and emotions are the most direct reflection of human nature.

This year's market sentiment is increasingly complex and changeable, but it is precisely because of this that people are more hopeful about the future.