Don't rush blindly anymore! The double top is ominous, and a 'false bull trap' may be about to unfold!
This rebound in the market seems suspicious—on June 9th, there was a significant surge, but institutions didn't enter the market; it was all due to retail investors holding on for dear life. As soon as they started selling, it instantly dropped back to 105,000, without any support.
What's worse is: on June 13th, that wave of rebound directly formed a 'deadly double top' on the technical chart! This has historically been a precursor to a crash! Even if it is forced up to 110,000, it is likely to be a 'false breakout, real harvesting'.
Looking back in history:
February this year: false rebound → three consecutive months of decline
December last year: double top reached new highs → direct crash
Stop dreaming; this is not the time for medium to long-term bottom fishing!
Short-term trading is fine, get in and out quickly, don't get emotionally attached! To navigate through bull and bear markets, you must first learn to avoid pitfalls!
Follow me, don't be a chasing retail investor; see through the patterns and understand the essence.