Market Situation Analysis
1. High Risk of Bottom Fishing
• The current situation is likely not the bottom; market sentiment is low and rebounds are weak.
• Major funds may continue to wash out positions; without driving prices low enough, they cannot build momentum for a rally.
2. Capital Pressure Before the Spring Festival
• Demand for withdrawal: Many investors need funds for the New Year, and major players will not easily allow funds to exit; cutting losses at low prices seems more appealing.
• The red envelope market may be delayed: Capital may flow back into the market before and after the Spring Festival, possibly leading to a turnaround.
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