When will the second round of retracement and bottoming occur? Recently, the market has been in a sideways range, and there was little volatility over the weekend. If interest rates are cut by 25 basis points this week, it could lead to good news turning into bad news. The focus moving forward will be next week's Japanese yen interest rate hike, which is a potential negative. Once the rate hike occurs, there is a chance to touch recent lows again. Whether those lows will be breached depends on the extent and frequency of the rate hikes. If there is only one hike, it is likely that the extreme bottom range will be established, and then the market will need to digest and consolidate to solidify the bottom. If there are multiple hikes or if the hikes are substantial, caution is needed regarding the possibility of breaching previous lows. Recently, volatility has been significant, and the cost of trial and error in the short term will increase. It is necessary to reduce leverage and positions and pay attention to trading risks. It's better to make trades on both sides rather than gamble on opportunities in the middle. Sometimes what appears to be trading opportunities are actually just market noise. The current market situation can be considered a dead weight; the real direction will become clear after interest rate cut announcements. Live well and remain calm~