The path of market evolution is never singular; all we can do is seize the most probable one at the moment.

Currently, the trend still appears to be in a rebound phase. As long as the price breaks through the daily 94,000 level, the next target points to the resistance zone of 100,000-107,000. But the problem is—once resistance is encountered at high levels, a pullback becomes a highly probable event.

At this point, the key is whether the short-term support can hold. The farther the price is from the support, the more bullish momentum has been accumulated. Conversely, once it falls below, the current triangle consolidation pattern will be broken, and the probability of a second bottom at 81,000 or even a new low will significantly increase.

However, from a fundamental perspective, there has been a lack of negative factors capable of triggering a sharp decline recently. Because of this, I tend to be optimistic about a higher-level rebound unfolding.

But one thing still needs to be emphasized—this is just a rebound. Just a rebound. That’s all.