This wave of small-scale rebound starting from 940 is in line with expectations, peaking at 964 slightly exceeding expectations, but the overall pace is still under control, so it does not affect the original judgment for now. Recently, I have some new ideas. That dark trend line can basically be said to be almost gone; too many people are relying on it for support, which makes it easier to become a hunting ground for the main players. The current situation is that if it doesn't break down, no one is willing to leave; only after it breaks can a wave be harvested, along with capturing some liquidity.

From a technical perspective, the RSI at the 4-hour level has already peaked, and there are obvious signs of a top divergence in RSI, indicating that the upward momentum in the short term is almost at its end. Chasing at this position risks being trapped. A pullback is expected to see around 920, which is both a previous small platform and roughly an emotional support area. If it can stabilize here and the subsequent rebound can oscillate above this level, there is a chance for the daily level to continue pushing towards 102000, but one must also guard against sudden negative news. If news hits around this position, it could lead to a direct drop to the weekly support level around 850, 860, which would be a complete release of panic. However, from a mid-term perspective, it could also be a good opportunity for low entry.