中泰证券：春节前行情整体仍具备上行空间，短期仍有逢低布局机会

Group 1 - The overall market outlook before the Spring Festival remains bullish, with short-term opportunities for low-position layouts [1] - The main risk factors that previously constrained the market have significantly weakened, leading to a sustained high level of risk appetite [1] - The current market phase is characterized by solidifying the bottom and preparing for the pre-Spring Festival rally, rather than indicating the start of a major upward trend [1] Group 2 - Market participants are adopting a strategy of "buying on dips and structural switching" rather than aggressively increasing positions at high levels [1] - The short-term market is likely to experience a gradual increase in the center of gravity through fluctuations, with ongoing internal structural adjustments, rather than a rapid rise leading to a sustained profit effect [1]