Wednesday afternoon Jing Yi's outlook

On Children's Day, you are celebrating Children's Day, with pancakes and second pancakes sliding down the slide. Both move downward simultaneously, experiencing a cliff-like correction, with three lines showing a bearish divergence pattern, and the highest point on June 1st at 741 before breaking below 6 at midnight. It drops sharply, reaching a low of 653 in just three days, a total of 8,800 points. The entire network is flooded with liquidations, countless margin calls. In a bear market phase, do not blindly buy the dip.

The current rebound is a technical correction within a bearish trend, not a reversal; MACD shows increasing bearish volume, and the long-term bearish pattern is already established. The rebound faces resistance, and the main strategy remains to follow the trend and short.

First support at 653, a break below will further test the 630 level;
Short-term first resistance at 695, followed by 708, with a high probability of encountering resistance when rebounding into this range.

First support at 1816, if lost, look at 1780;
Short-term resistance at 1911, strong resistance at 1938-1964.

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