Last night, a violent rebound shot straight up to 74,000, with a red candle pulling the market. The entire network was passionate about chasing longs. Stay alert, this is a stage rebound top and a critical dividing line. If it can't hold the high and lacks volume and structure, it's all just false fire.

This breakout, if it doesn't break through, is definitely not a reversal. Purely a trap to lure longs and harvest, scaring out the shorts and trapping the longs. After the sentiment recedes, it will fall back as quickly as it rises.

Geopolitical fluctuations, dense news, cautious funds—these conditions do not support a reversal. The structure remains unchanged, with bears still dominant. The rebound is just an opportunity for high-positioning. Going with the trend is the way to go.

Trading suggestion: Short around 72,800-73,400, with a target of 70,000-69,400, and a break below 68,000.