Ladies and gentlemen, this wave of market decline is truly heartbreaking, with the charts looking frighteningly green, and many people's wallets shrinking accordingly. But I have to be honest—don't be led astray by those "go all-in and bottom fish" arguments. I've been in this circle for eight years and have seen too many people think they're bottom fishing only to get trapped in the end—blood and tears lessons. Today, I’ll be frank; the words may sound harsh, but they might help you avoid some stupid mistakes.

Why does every rebound feel like doing "sit-ups," only to be smashed back down after a quick pull?

Honestly, the upper levels are already filled with trapped orders. Especially those who rushed in above 3000 last night—now their accounts are practically glowing green with losses. The market shows no mercy; it only believes in facts: once key support levels are broken, yesterday’s support instantly turns into today’s resistance. A bunch of trapped traders are waiting for a rebound to escape, but the rebound strength naturally becomes painfully weak.

Regarding bottom fishing, I want to say something that might sting:

In a declining market, catching falling knives and bottom fishing sometimes just depends on luck. Many people see "it's already fallen so much" and want to rush in, but they don’t realize it’s like catching a high-speed falling knife with bare hands—maybe you grab the handle, but more likely, you’ll stab yourself in the palm. The most dangerous illusion is the feeling of "it can’t fall anymore," which is often the market’s most gentle trap. An old saying goes: the trend is your only friend; don’t go against it.

What should you do now?

Forget about "bottom fishing," and switch to "confirmation on the right side." It’s better to lose less than to earn more. If you really want to act, instead of chasing the decline, observe high levels where the rebound is losing momentum and look for opportunities to hedge or short (be sure to control your position size). Keep enough ammunition, and maintain your mindset. The most valuable thing in a bear market isn’t the courage to bottom fish, but the patience to wait for the next round.