#市场情绪 Looking at the recent data, market sentiment is indeed changing. ETF net selling, weak demand, monthly RSI approaching the 55 threshold—this combination of signals makes the bear market trend increasingly clear.

The key is to understand the logic behind this: the first three waves of demand (ETF approvals, the presidential election, treasury companies) have already absorbed most of the incremental demand. Now it’s like the last round at the drinking table, with diminishing momentum. When large funds start to withdraw, retail investors’ restlessness won’t be enough to turn the tide.

How to follow trades at such times? My approach is to reduce the proportion of copy trading, prioritizing traders with strict risk controls—not seeking high returns, but aiming to survive longer in uncertain conditions. The trends in the options market are also very informative; observing traders selling premium and using spread strategies indicates that everyone is hedging rather than betting on a direction, which precisely reflects the market’s true attitude.

The next 1-2 months are critical; whether RSI can hold above 55 will determine the rebound potential. Instead of betting on a rebound, it’s better to wait for clearer signals before taking action. The market isn’t short of opportunities; what’s lacking is patience to survive long enough.