#市场走势 Seeing others bearish again, I am reminded of the stories of being exploited by market manipulators back in my day. Yili Hua's words hit the nail on the head—trends and gambling are never the same thing.

The past month of volatility has been very clear to me: it's just bulls and bears testing each other repeatedly. The macro environment is right here, macro policies are sending signals, and the industry development stage has also arrived. These are things we cannot change; we can only go with the flow. For those still insisting on being short, I don't look down on them, but I see through it clearly—either they are just talking, or they are truly caught and still betting on a reversal.

Where is the risk? It’s in the word "wait." Closing early to minimize small losses, holding on until the end only results in a big loss. I have seen too many people like this; greed makes them miss the exit window. Pessimists always have reasons to say they are right, but only those who keep moving forward can make money.

The bull market tone is not spoken out of thin air; it is based on realistic judgment. Instead of dwelling on past battles, it’s better to start thinking about how to survive long enough in this cycle. Not chasing highs, not bottom fishing, controlling risks, and recognizing project life cycles—these are the things you truly need to learn.