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Thursday morning, Jingyi’s thoughts—continue closing your eyes and stay short.
Overnight, the “big cake” set another recent low, breaking directly below the 650 mark. Next, 630 won’t be far off.
From a technical structure perspective, the market is still in a weak bearish short-side setup. In the short term, there are no signs of any effective rebound. As bearish positions continue to expand in the higher-level cycle, the overall downtrend is further reinforced. At present, whether from the cycle perspective or the market environment, the market is dominated by the short side. With the trend clear, it’s recommended to follow the direction and patiently plan your entries.
**Trading suggestion**
At the current price 639, go short directly, targeting the 630-620 area. If you see the 5xx range.