Watching $BABA move nicely, but wondering if there's something hidden

Hello everyone, the market looks lively today, especially Chinese tech. I see $BABA running +6.32% to $119.42 (today's high $121.21) and $EMQQ also moving +2.04% to $33.695 (high $33.79). Honestly, seeing this makes me smile, but deep down I'm wondering if this is just a 'dead cat bounce'. It's not that I don't like it, but confidence in the Chinese government's policies is just too volatile.

Personally, I haven't rushed into anything directly yet. I'll probably wait and see how seriously it can hold this time, or if it's just short covering before more bad news hits. But if anyone thinks this time it's for real and wants to share their perspective on what I might be overlooking, I'm happy to listen. Maybe I'm just too scared, who knows.