The biggest feeling I've had while watching the market these days is: liquidity has dried up, and all the "bottom-fishing logic" has become self-comforting. The order book is as thin as paper, a slight impact causes a string of slippage, and it's not even certain you can escape if you want to run. I’ve also seen discussions about rate cut expectations and the US dollar index. To be honest, no matter how good the macro narrative is, if the funds don’t come in, it’s all just idle chatter. When risk assets rise and fall together, they are more easily dragged along by emotions.

Now I’d rather slow down, take it step by step, keep some bullets, and first control the retracement. I’d rather miss out than force it through. My biggest fear isn’t losing money, but losing liquidity and still thinking I’m "building positions," only to be forced to pay tuition at the worst possible moment. Survive first, then talk about bottom-fishing. Anyway, the market is open every day.