From the chart, funds are flowing in significantly, with the main force leveraging the rally to trap shorts, short-term sentiment is at its peak, but there is obvious selling pressure above 77,500. After a surge, prices quickly fell back, a typical pattern of false breakout and trap.
Don't be fooled by a few bullish candles; this wave is just a rebound, not the start of a bull market.
77,500 is a strong resistance zone. Standing firm before it, all the excitement is just an illusion. Don't chase highs, don't fight the trend, only take confirmed swings.
Trading is not about gambling on emotions
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