Why was it said before that the more bearish the market is, the more effective some event-based counter-indicators are?

📍Because panic spreads far more easily than positive emotions, just like people tend to remember disasters more easily than victories

Why are 519 and 94 so popular? And the mainstream view in the market that day was also against the market. This is the reason.

However, whether it is a technical indicator or a representative event, there is a probability of failure. It is just that the collective sentiment of the market is more likely to form a consensus.