Many people get eager when they see a market pullback—they can't wait to jump in and buy at a low point.

But what is the reality? During this round of adjustment, when it reached 104000, a bunch of people shouted "the golden pit is here," and what happened? Money was thrown in, and the price continued to drop. Then 100000 became the "iron bottom," and funds flocked in, but it still couldn't hold. By the time it broke 98000, there were still people eyeing 90000 and 80000, ready to go all in—this is not bottom fishing; this is using real money to warm up the market.

In fact, the real bottom never comes quietly.

Take the previous wave at 98000 as an example. The price tested this level twice, and the trading volume clearly increased. After stabilizing, it rebounded directly to 107000—a space of 7000 points, which is enough for a wave, right? Looking further back at the 74000 level, it was also a double bottom pattern, confirmed with increased volume, and it took a whole month of grinding before it started to gain momentum. This process of consolidation and accumulation is the prelude to a big market movement.

So don't be in a hurry to be a hero.

This thing at the bottom, if you guess right, it's luck; if you guess wrong, it's the cost. Rather than betting on that lowest K-line, it's better to wait until the signals are clear before taking action—has the double bottom pattern formed? Has the trading volume increased? Has the price stabilized? If all these conditions are met, it's not too late to enter. After all, once the market starts, there will be plenty of opportunities later; why rush to grab the most dangerous piece of meat?

Spot trading especially requires stability. It's more important to hold back your hands before the signal arrives than anything else. The market is always there, but if you lose your principal, there will be no opportunity left.