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Brothers, today we must pay close attention to the姨太 side.
This round of rebound looks very strong, but in reality, it has not truly stabilized above 2400.
In recent upward pushes, it has generally started to fall back after reaching around 2380 to 2420, indicating that there is still heavy trapped and selling pressure above.
Although the high points are gradually rising, the problem is—there is no sustainability in the rally.
Every time it surges higher, it quickly pulls back, especially with this recent volume-driven decline, it’s already clear that the bulls are starting to weaken.
Now the price has returned to around 2310, and the market is actually beginning to weaken.
The previous strong support at 2218 has been formed before, but this rebound did not open up new upward space, instead, long upper shadows appeared consecutively, indicating that funds are more inclined to take profits at high levels.
So today’s short-term focus is on the 2360 level.
As long as the four-hour chart cannot hold above 2360, I will continue to mainly look for short opportunities on rebounds within the day.
This structure now more resembles a second retest after the rebound has ended.
In terms of operation, around 2320 to 2360, you can still consider gradually building short positions.
Below, watch around 2260; if weakness continues to expand, there’s still a chance to test the 2210 level.
Recently, the market rhythm has been more sideways downward, so don’t rush to short when you see a decline.
Be patient and wait for a rebound to give a better entry point; the rhythm will be more comfortable.