Yesterday's small rebound and today's small decline are just hitting the stop losses of those chasing shorts and the first-time retail investors trying to bottom out. Large funds will not try to catch a bottom on the weekend, nor will they do so when the first wave of decline has not yet formed a bottom pattern; it may just be the intermediate position of the first batch of main forces building positions and the first batch of retail investors bottoming out.

2. Currently, there are several situations:

1) Directly turning from long to short is not very realistic; at least it must first break below the 103,000 position to be considered;

2) Weak adjustment, directly a V-shaped reversal, breaking new highs. I think there is a probability of this, but it is not large. Let's look at the indicators, the prices, and the candlestick charts. If there is a direct V-shaped reversal, I don't know if it means the bulls are too strong or if the main forces are doing it intentionally; this position has space, the bears have basically surrendered, and the main forces should have completed part of the long-short conversion. It would be meaningless to push further—universal salvation?

3) Adjustment, gradually expanding the level, looking at daily indicators, finding secondary-level patterns. I believe this is the most probable way to proceed.