The bull market has entered the most difficult phase. The market is oscillating repeatedly within a key range, flipping back and forth, with both bulls and bears getting shaken out. Those with less patience who follow the trend can't hold on anymore, and speculators who can't withstand the volatility are also scared away.

At this time, most people's reactions are actually the same—either they fear further declines and hurriedly cut losses; or they think the bottom has arrived and go all-in for a big buy. The result is often frequent pitfalls. But the market logic is quite clear: the real big opportunities are often hidden behind the public's panic. The main players are taking advantage of this oscillation to transfer chips from retail investors into their own hands, preparing for the next upward surge.

The most taboo thing at this stage is to go all-in. The reason is simple— the trend is not yet clear, although key support levels are still there, the bottom has not been fully formed, and the resistance above has not been broken through. Blindly going all-in at this point, once the market breaks support, you will be caught in a passive position with no room to add positions. The correct approach is to stagger your entries and keep enough cash on hand. This way, when the market dips, you will have the initiative and can avoid repeated losses in the oscillations.

As for cutting losses and running, that’s even more inappropriate. The current oscillation is not a signal of the end of the bull market. From the weekly chart, momentum has not yet reversed, but it is already weakening. The support levels are backed by multiple technical and capital factors. ETF outflows mainly come from retail investors cutting losses, while institutions are actually accumulating at low levels—this is a typical bull market consolidation, not the start of a bear market. Cutting losses now means giving away cheap chips directly to the main players who are accumulating, which not only results in losing principal but also causes you to miss the subsequent trend rebound. When the market truly starts to rise again, chasing high at that point could trap you in high-positioned positions.

The most important thing to do now is very simple: stay calm and control your hands. Don’t let short-term oscillation noise influence your decisions. Maintain your position limits, plan your staggered entries, and wait patiently. Once support stabilizes and resistance is broken, the real main upward wave will come naturally. Those who can endure the lows and hold their chips will have the opportunity to catch the subsequent market dividends.