The current market is in the second phase of a bull market - "Rising to a point where you are not afraid".
At this stage, the market has already experienced some increase, although there may be short-term pullbacks, the overall upward trend has been confirmed. Many people have gradually adapted to the volatility and have begun to believe in the sustainability of the bull market. As more and more funds flow in and market sentiment improves further, investors' confidence is also gradually strengthening, which suggests that the market may continue to rise.
When the market enters the third phase, namely, "Rising to a point where you think it will continue to rise", the situation becomes more frantic, and investors generally believe that the market will continue to rise, with market sentiment becoming increasingly optimistic. However, it is precisely at this stage that risks are accumulating, and the pullback after a rapid increase is often more severe. Therefore, proper risk control and cautious operation are key at this stage.