Recently, the capital market has been highly volatile, with the main index undergoing deep fluctuations within a range of several thousand points. From a technical analysis perspective, although a brief false breakout occurred at key resistance levels, it was soon followed by a rapid pullback. This signal confirms that the bullish momentum is continuously weakening, and the market's upward breakthrough momentum has significantly diminished.
Although the candlestick patterns maintain a temporary upward trend, it is worth noting that the significant rise in the index yesterday lacked substantive policy support or fundamental backing. This divergence from the fundamentals poses inherent risks due to its weak foundation. Considering the current market performance comprehensively, there is a clear trap for inducing buying at the current price levels. It is advised that investors maintain a cautious attitude, avoid blindly chasing high prices, and guard against the risk of being trapped at high levels.