Zhuo Hong's Perspective: Is a rebound imminent after the pancake breaks below 100,000? Don't rush; the bullish signal is not confirmed!

The 100,000 mark serves as a key psychological support. Once broken, liquidity increases and the probability of a short-term rebound rises. But is this a trend reversal? Not necessarily! The overall structure remains bearish, and the rebound is merely a normal correction within the downtrend. A genuine bullish signal requires waiting for a moving average golden cross, volume-price coordination, or a breakthrough of key resistance.

Blindly trying to pick a bottom or guess a peak carries extremely high risks. Trend trading emphasizes "right-side confirmation"—it's better to miss out on the first 10% gain than to bet on a 90% downside risk. Patiently wait for the structure to take shape; there are always opportunities in the market!