Recently, some people in the square have started to promote the idea of a "bull market return," but such claims are overly optimistic.

Just look at how many trapped positions are sitting above 3220, and you'll understand. This recent rally is less of a genuine rebound and more of a knife being handed to short sellers. The big players are sharpening their knives in the shadows, while retail investors are celebrating here—it's a bit absurd.

My straightforward judgment is: as long as the 3200 level doesn't hold steady, any rise will be followed by a fall. This level is too critical. Instead of blindly chasing the rally, it's better to hold back and not be the one to take the final hit.

From a trading perspective, my approach is this: once the price reaches the 3200 to 3215 range, it presents a good shorting opportunity. Set a stop at 3255; if it's broken, cut losses immediately. For profit targets, first watch the 3120 level, and if it breaks through, then look toward 3050.

Market risks are often hidden in optimistic sentiment—staying cautious is more valuable than blind optimism.