Yesterday's trend did not continue the downward move as expected. Although it pierced the bottom at 58000, it only reached as low as around 57700 before starting a gradual rebound. During the European session, the market oscillated continuously without breaking the bottom. After the US session, it reversed and rallied. Combined with the continuation in the early morning, the entire gain has broken through the recent high of 60900, reaching a high of around 61300. Fortunately, the closing price is at 60000, and it did not stabilize above the previous high, so it cannot be defined as a reversal. Ultimately, the major trend remains bearish!

Today's session opened with a decline, dropping to around 59500. This level happens to be yesterday's short entry point, forming a minor support-resistance flip. Now it has rebounded 1000 points. For subsequent short-term support, focus on this level. If it breaks, there will be an acceleration, but it will be a minor acceleration. Do not expect a break below 58000 too much, unless during the US session. During the Asian and European sessions, there is generally not much strength. The resistance above is also easy to arrange. Due to insufficient closing strength and a retracement of nearly 2000 points from the early morning high, it indicates that the pullback is just a consolidation. I believe that for the near term, focus on the recent pressure level around 60700 where the market has continuously rallied and then retreated. The first touch can be taken as a short opportunity!

For support, first focus on the support-resistance flip at 59500. If it breaks, then look at the support strength at 58000. I haven't taken long positions recently; I have been primarily shorting on rebounds. So today, I will not arrange any positions for now unless the bottom breaks again and triggers the first acceleration. For example, the 55000-56000 area is relatively stable, but it's hard to get an opportunity. In short, follow the trend, operate with the trend rhythm, and remain as steady as Mount Tai!

Thursday, wish everyone good luck!