Finding reasons during a plunge, talking about faith during a rally

Every time there is a resonance decline, the market will look for macro reasons: interest rates, policies, geopolitics, data. But what truly drives prices are often just two words—deleveraging.
① Bottom-fishing timing
Bottom-fishing is not about probing with a knife on the left side, but about confirming on the right side.
My standards:
* At least two bottom tests without breaking
* Large account addresses start increasing holdings
* Leverage fee rates return to neutral
Otherwise, it’s just practicing catching falling knives.
② Reasons for synchronized decline
When institutions start reducing risk exposure, the selling order is usually:
First high-volatility assets → then precious metals → finally cash is king.
So you see crypto, US stocks, gold, and silver all lining up to go down.
③ Personal operations
Recently, I took a short-term short position on BTC, but I don’t hold onto profits—quick in and out.
In a volatile market, success depends on execution, not faith.
A joke:
Bull markets talk about structure, bear markets talk about cash flow. #当前行情抄底还是观望？