Song Xiqing: The big non-farm payrolls are coming. Tonight is bound to be a critical point.

In the current market, sensitivity to bearish data is far higher than excitement for bullish data. This indicates one thing: market sentiment remains fragile, and bullish confidence is insufficient. A true bottom often occurs when bad news keeps coming but prices no longer fall—not like now, where everyone is already hedging before the bad news even arrives. So I believe we are far from the real bottom.

In the previous round, I suggested a long position around 58k. It has already seen a move of over 2,000 points. I am still holding my long position, targeting around 62k. At that point, I will take profit and close, then reverse to short.

The reason is simple: This wave is just a rebound, not a reversal. 62k is a resistance level that can be seen in the short term. Reaching there will be a worthwhile entry point for a short position. If tonight's data is bearish, the market might move directly downward; if bullish, the rebound will give me an even better position to go short. I will update in real time and keep watching.
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