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6.26 Friday morning big 🫓 idea, weak rebound, mainly high shorts.
Yesterday was completely a feast for 🈳, narrow range consolidation during the day, after the US stock market opened high and went low, 🈳 plunged sharply, falling to a low of 580, yesterday's bearish view on 580 was spot on ✔️, capturing 3000 points in one go.
For now, after the overnight decline, there was some rebound, but it failed to sustain after breaking above 60k, clearly with limited momentum.
Structurally, the overall trend is weak downward, each rebound is followed by deep declines, and highs and lows are moving down simultaneously. There is no sign of reversal in the short term. Under such a pattern, just follow the trend.
Reference in the morning: short around 600, 606 🈳, focus on 580 below. If it breaks below, continue to look down to 570-560.