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The market weakened overall in the early session, continuing to decline after encountering resistance during the earlier surge. There was a brief rebound and recovery in the early morning, but the upward momentum was insufficient, leading to another pullback under pressure.
Short-term resistance range 59600-60000, support below
58880. Current bullish sentiment is weak, so blindly bottom-fishing is not recommended.
If the rebound fails to hold above the resistance level, the market is likely to continue weakening.
Rebound to 59800-60800 to arrange a short position, target 59000, second target 57000
(Investment involves risks; entry requires caution. Personal opinion, no adverse effects.)