I rarely think about whether there is a bullish return from the perspective of data and narrative. I only look at emotions, which are invisible but always reflected in data and narratives, driving the ups and downs of the market. In human terms, money is just a little money. It is very simple for me to invest in this circle. Give me a reason, thousands of reasons, it is better to "a cloud-piercing arrow and thousands of troops to meet". At that time, riding a donkey to watch the opera, many people will tell you various narratives. At that time, it is time for them to escape.
The above is just my insignificant and even wrong point of view, one person's opinion, for reference only. What I want to say is that things like ETF false news can explode 10 points, which shows that the market sentiment is slowly accumulating and is almost in place. Because of the long-term low liquidity and lack of money-making effect, countless people are gearing up to make a big move. Do they need to wait for the narrative? No, they just need to wait for who will fire the first shot.