The resistance in a bull market comes from profit-taking, while the resistance in a bear market comes from trapped positions.

In the context of rapid rotation and frequent hot spots, most of those who are trapped have cut their losses quickly, and very few trapped at high positions can hold on. The upward movement is a process of digesting profit-taking chips.

In a bear market, those making money run away quickly, while those who are trapped are waiting to break even before they exit. Any long-term stock that has been consolidating at the bottom suddenly gives trapped investors an opportunity to exit, and then the main force clears out the chips and accelerates in volume, which marks the starting point of a major upward wave.