Recently, many people have been focusing only on the K-line movements, but I believe there are three details behind this that better explain the situation.

First, note that volatility often starts in low-volume areas; this is usually not the main force making a move, just testing the waters. Second, if you pay attention to changes in contract positions, you'll find they often lead price movements—indicating that market sentiment has been preemptively consumed. Additionally, with various platform activities happening simultaneously, this short-term market behavior seems more like guided manipulation rather than a genuine trend reversal.

Based on these signals, my judgment is that the recent market is mainly oscillating, essentially a position cleanup.

So my approach is simple: avoid chasing rallies, observe the market structure with small positions, and only consider action once a clear trend emerges. Entering recklessly in this kind of market can easily lead to being shaken out, so it's better to be patient.

What about you? Are you still waiting and watching for opportunities, or have you already started building positions?