If we combine the operating patterns from last year to the first half of this year, it is like carving a boat to seek a sword; there is approximately 20,000 points of upward space above 112,000 (whether this is completed in June-July or pushed to September-November to peak remains unknown). From 74,457 to around 132,000, this increase is basically on par with last year's major upward wave, so the next downward wave correction will have about 30,000 points of space.

For bulls, the only strategy is to buy on pullbacks. For bears, it's to short at every new high. The important thing is that new highs can always be shorted because any new high reached at a certain point will not stabilize immediately; it needs correction and adjustment, which provides opportunities for shorting in the short term.