Today, during the live stream, some B friends asked if the bear market has ended. Almost every time, someone asks if the bull is coming or if the bear is gone—this question.

Actually, I can understand how B friends feel, but I think ordinary retail investors don't need to overthink this issue, unless you're a pure spot trader or a cyclical trader. Ordinary B friends who open contracts and grind daily for pig's feet rice don't need to worry too much about bull or bear markets; in a bullish or bearish market, making the right moves to profit is a bull market, and making wrong moves and holding losses is your own bear market.

Therefore, unless you're a spot trader or a B friend holding millions and looking to invest, the concept of bull and bear markets is just a pseudo-proposition.