Recently, I’ve been pondering a question: why are some people able to grasp the market rhythm, while most are always passive followers? The answer is actually simple—it's your understanding of a bear market.

As early as mid-March, I publicly stated that global assets had entered a bear market, and at that time, 27k friends agreed with this view. In fact, many people already had this feeling in their hearts, just lacking someone to clearly articulate it. I mentioned this signal to everyone at the beginning of the year, but people were still fantasizing—that’s normal.

How can we understand a bear market in a quantitative way? Many say that no matter how high the position, if you can make money in the long run, it’s a bull market; if you can lose money in the long run, it’s a bear market. This analogy is vivid but not precise enough. Within the framework of wave theory, I divide bear markets into two categories: narrow and broad. The narrow bear market is the correction after the completion of a major wave 5 impulsive wave or higher. The broad bear market is more detailed, including four levels: deep bear, large bear, medium bear, and small bear, depending on the wave degree. This classification helps you more accurately judge the market stage.

Bear markets also have their rhythm. In the early stage, indices don’t fall much, but small-cap stocks continue to decline; in the mid-stage, both indices and small caps fall sharply; in the late stage, the decline in indices slows down, bottoms start forming, while small caps show divergence. Understanding these stage characteristics is crucial.

What can you do in a bear market? Shorting. Recently, we shorted 11 altcoins, maintaining a perfect record. XAU, XAG, PIXEL, DEGO, KITE, PIPPIN, RESOLV, LYN, POWER, ENSO, ZEC—eleven trades, eleven wins. Except for RESOLV, which we shorted midway, all others were short at the top. This is not luck but a deep understanding of market structure.

I also discovered an interesting pattern. Using Gann theory’s reversal points to predict market turns has a very high accuracy. The upcoming key reversal dates are expected around March 21, 2026, and March 26-27, 2026.

Looking at BTC’s trend, in mid-March I predicted two price levels—73,925 and 74,482—based on wave analysis, and both were validated. Currently, BTC is around 71,620, up 4.87%, continuing to evolve according to wave structure. ETH is similarly performing; my previous predictions of 22.04 and 23.116 were spot on, and now it’s around 2,240, up 7.77%.

Regarding the Shanghai Composite Index, I pointed out early in the year that a golden pit would appear between March and April. The rebound in gold and silver also unfolded exactly as expected at the secondary top. ZEC recently gained 27.52%, and its performance amid bear market divergence also presents opportunities worth noting.

Ultimately, you need to be strong yourself. Our goal in sharing knowledge and methods is to help you develop independent thinking. Only by transforming these theories and skills into your own cognitive assets can you avoid passive losses. That’s why I insist on doing these analyses and sharing.