The recent market has been so cold that it's hard to bear, with breakouts and downward trends everywhere, and the candlestick charts are heartbreaking. Most people no longer want to look at their holdings, and panic is spreading across the market.

But if you observe the market carefully, you might notice some clues. Especially the long lower shadow on October 11th, which saw a rapid plunge followed by a quick rebound—it's quite interesting.

I call it "The Nail in the Darkness." This kind of sharp dip followed by a swift rebound is usually not something retail investors do. Think about it—after the market has been declining with decreasing volume for so long, who would dare to buy in? Yet on that day, the price was forcibly pushed into a pit and then quickly bought back. This detail suggests that perhaps large funds have already been lurking in the shadows.

Let's also look at market sentiment. Bad news is everywhere, and the community is unusually quiet— even the usual "bottom fishing" voices have disappeared. I've seen this state many times before—at the end of 2018 and March 2020, it was the same. Extreme pessimism often indicates that a reversal is not far off. This doesn't mean the price will rise tomorrow, but the true bottom may already be near.

From a technical perspective, although the price continues to probe lower, some details are starting to diverge. For example, in certain cycles, the price hits new lows, but the RSI doesn't follow to new lows; during declines, trading volume becomes increasingly sluggish, indicating that fewer people are actively cutting losses. Moving averages are still in a bearish alignment, which is correct, but turning points often occur when everyone has given up on defense.

According to Wyckoff theory, this particular pin looks like a deliberate test: first pushing the price through support to examine selling pressure, and what’s the result? Very little selling volume. This signal is quite intriguing.