Everyone's super hyped today—did the bull really bring the bull market? Guys, calm down. I urge you to stay restrained, don’t shout so loud! This rally, as I analyzed this morning, is more about policy-driven positive news + a revenge rebound in the market + short squeezes triggering covering! It’s still too early to call this a bull market. What we should focus on more is the sustainability of this rebound and how high it can go. My reasons for staying in cash should be clear to my longtime followers! At the same time, I believe that even if the bull market truly arrives, there will be plenty of chances to hop on. The louder people shout now, the more I think this is likely just a rebound! A real bull market should start quietly, unnoticed, with the bottom gradually building higher and higher over time—not this kind of violent breakout! For now, watch the levels at 72,000, 75,000, and 78,000. I think 78,000 is the ceiling for this rebound, and it won’t last long!