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This wave of price action is truly classic, I have to admire the main force's operational thinking.

The rise to the daily close in the early morning was as expected, creating a false breakout illusion to guide the market bearish.

The 1-hour chart shows three massive bullish candles at midday shooting straight up, the pattern completely opens up, with the high reaching around 74400.

The short-term focus is whether today can hold steady above 74000. If it holds, expect sideways upward movement; if it doesn't hold, likely to retest lower levels.

However, from the larger timeframe perspective, the current excessive rebound momentum does not represent a return of a bull market. Stay clear-headed and consider shorting.