Analysis on the early morning of the 4th:

Today’s market movement was very typical: initially a sharp plunge to trigger panic selling, with the lowest touching 65,955, causing many to panic out; then a violent V-shaped reversal with a quick rally, reaching a high of 68,580, effectively trapping the shorts; after the surge, it pulled back and stabilized, currently oscillating around 67,600. Overall, the main force first pushed prices down, then lifted them up, and finally moved within a range to shake out traders. Both longs and shorts were repeatedly swept, and the market remains volatile but still in a consolidation phase.

Trading suggestion: rebound to 67,900-68,500, with targets of 65,900-66,500.