I believe market sentiment may continue to push higher. The current rally is definitely not a bull reversal, but a trap to lure more buyers. Retail investors will start to chase the rally, while the main players will rotate liquidity at high levels. The long-term target remains unchanged, with a bearish outlook below 50,000.

Currently, around 87,700, liquidity is accumulating again, which is less than 3% away from 85,500. There is a certain probability that the main players will test this level, and a rapid surge could occur, spiking and triggering stop-loss orders on short positions. Therefore, our stop-loss is set at the daily close above 90,000, avoiding the sensitive level of 87,700 to prevent being wiped out before a sharp decline.

Those KOLs who prematurely shorted between 72,000 and 75,000 are just fueling the upcoming rally. First, they will be squeezed out of their early shorts, then trap those chasing longs at high levels, and finally trigger a true five-wave massive decline. #美联储利率不变但内部分歧加剧