The market has shifted from the frenzy of a few months ago to the current coldness.

The current market is in the bottom area, although the possibility of further decline cannot be ruled out.

Many investors stubbornly believe that the bull market will not experience a deep correction, and this cognitive bias is indeed worrying.

What surprises me even more is that some KOLs who have been in the market for seven or eight years hold such shallow insights, raising doubts about whether they have truly experienced a complete bull market cycle.

In fact, a complete bull market process is often accompanied by multiple deep consolidations. This correction is already the fifth major adjustment in this bull market. The market needs such thorough cleaning to accumulate sufficient momentum for future trends. A healthy bull market should inherently have both rises and falls, rather than just the one-sided rise that new investors fantasize about.

History will eventually prove that respecting market rules is the key to long-term survival.