The operation of the understood king has indeed stirred the market, and the original upward momentum has been abruptly interrupted.
Now the technical aspect is at a delicate juncture—although the daily level has not yet broken through the lower bound of the rising channel, the closing price has been unable to stabilize, much like a soccer game where the final kick is always off-target, with both bulls and bears competing.
The key lies in the weekend's closing battle: if the daily closing price can hold its current position, the market still has a chance to continue the rebound script;
Once it effectively breaks down, around 92,000 may become a target for bears.
However, we retail investors don't need to bet in black and white; the current position feels more like a crossroads: aggressive investors can use small funds to gamble on short-term rebounds, while conservative investors are advised to wait and observe like bystanders, and only act once the technical patterns become clearer.
If one really wants to operate, it might be worth placing a light short position at the previous high to test the waters, as the pressure from trapped positions at this level should not be underestimated.
