Bull-bear conversion process: ✨A few insightful people believe that the fundamentals have improved, and every time they remind others, they are rejected. ✨Most people realize that the fundamentals have improved, and the long-short divergence has intensified. ✨Everyone knows that the fundamentals will get better and better, fomo sentiment spreads, the market rises in all kinds of chaos, and retail investors chase ups and downs in all kinds of ways.

Three stages of bear market: ✨A few people realize that although the situation is good and the market is optimistic, the seeds of crisis have been planted under the song and dance. ✨Most people believe that the fundamentals have deteriorated, the market rises less and falls more, but the mainstream view is that it is just a correction. ✨Everyone believes that the fundamentals have deteriorated. After the market plummeted, it fell or went sideways for most of the time, gradually losing liquidity, retail investors no longer paid attention to the market, and major groups became dead groups.