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After falling below 58,000, the market seems to be repeating that familiar script—"bull trap."
The rebound came very beautifully, and the sentiment instantly soared, with many people starting to shout "bottom fishing." But beneath the surface, whales may be quietly distributing chips with each green candle.
The real script is often like this: after a thorough cleansing, the true bottom will quietly form when no one is paying attention. No overwhelming news, no frantic excitement, only hidden currents of accumulation.
When the recovery truly begins, the first target may be directly at 78k. Only by firmly holding this level can the next phase of the market truly unfold.
The bear market may not be completely over yet, and the best accumulation zone might still be ahead.