Let's talk about the logic behind the crash: Why is it so hard to escape the peak?
In fact, after each adjustment during a bull market, the market continues to soar, so those who feel they have successfully made a short-term trade cannot help but jump back in.
This repeated process has conditioned speculators like Pavlov's dogs, creating a reflex. Every time the market pulls back, they remain firmly bullish, increasing their positions and becoming bolder.
Even when the market shows a clear downward trend, sometimes with declines reaching 30% or 50%, those accustomed to making short-term trades still refuse to give up their bull market fantasies, believing that after this pullback, the market will hit new highs again.
But when the market truly enters a bear market, getting caught in long positions repeatedly suddenly makes them realize that something is wrong. By then, it's already too late to react.