The rate hike in Japan has been implemented, but the market didn't fall; instead, it moved upward. This pattern really can confuse people.

According to conventional logic, a rate hike should suppress market sentiment. But reality gave us a slap in the face. Since last night, the market first suddenly surged, then sharply dropped again, bouncing back and forth, making it no wonder that many friends are complaining that this market is impossible to play.

Looking at the technicals, the one-hour resistance level has already been broken. The next key area of resistance is between 2944 and 2965, which is a critical zone. Many major funds have set up a lot of traps here, creating a false appearance of an upward trend that easily lures people into a trap.

The surge last night was a typical example—suddenly pushing up to attract many to chase high, then suddenly smashing down to cut positions. This kind of pattern has been seen once or twice, so we need to stay alert. If you choose to short within the 2944 to 2965 range, be prepared with stop-losses and don't be fooled by repeated false breakouts.

Market behavior is like this; both rises and falls hide traps. The key is to see through the true intentions of the main players and not be deceived by superficial movements.