Don’t think this round of sharp decline will reverse just because it “stops” abruptly— the bears still aren’t finished.

Since this week, everyone has been watching the bears put on a show. The so-called “do head” is just there like decoration, completely ignoring its own existence. Any rebound is just an opening for shorts. Recently, going short and going long/short back and forth has been extremely satisfying.

As of now, after a morning cliff-like crash, the big 🫓 has stopped at 613, then quickly rebounded to 647. This rollercoaster move seems to have given some hope to “do jun.” However, in terms of structure, it’s still moving in a weak trend. After a big drop, making a certain corrective move is a normal market behavior—so at this point, don’t let such a rebound affect you. In the afternoon, keep maintaining the strategy: short the rebounds.

Reference: short around 645 and 650. Below, watch 615–600.