In one sentence: Temporary fluctuations, waiting for interest rate cuts, peak by the end of the year.

This wave will not directly reverse the trend at present, mainly because the Federal Reserve's interest rate cuts have not yet materialized.

The sign of reversal is breaking 100,000, and the driving force for reversal is interest rate cuts.

In the past few days, I tend to believe: there will be no new lows, will not break 100, need time, just fluctuations, oscillating between 90-95.