At 12 o'clock, when the short selling is almost in place, it's about time to start pushing the market up. Why do I say this? Because the dealer already has enough inventory and needs buy orders. Retail investors often hesitate to buy when they see a market plunge. I estimate that those two spikes earlier turned many bulls into bears, as not many people caught the drops and many took profits early. Therefore, the number of long positions from retail investors is actually not much, while there are more short positions. So when the dealer pushes to the peak again, they will drop the prices to give the bears a sense of temporary victory, and then slowly pull back up. Remember, it must be a slow pullback, not a rapid one, but it generally won’t turn back. Then, when it reaches the previous high, it will consolidate, allowing the bears to short again. The result is a series of explosive spikes, with the bears' FOMO (Fear of Missing Out) being too severe. A slight drop could send the prices down to 780,000, similar to those who chased in at 70,000 and have been trapped for years in the same group.

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