The recent rebounds of LUNA2, USTC, and 1000LUNC have indeed been quite strong these days. Many people can't understand why this is happening, but the reason is quite straightforward——it was mostly short sellers yesterday.

You see, a bunch of people bet on a decline, thinking this is the end, but the opposite happened. The market loves this kind of surprise. When negative news is fully digested and short positions have accumulated to a certain extent, the opposite force begins to gather momentum. Many veterans know this rule: true positive news doesn't necessarily come from sudden good news, but often from the extreme accumulation of pessimism in the early stages.

Short-term technical rebounds and emotional recovery often occur simultaneously. Once the short sellers' defenses loosen, chasing funds will follow. This is why sometimes, the most hopeless moments are actually the start of a turning point.