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Song Xiqing: The big non-farm payrolls are coming, tonight is destined to be a key node.
In the current market, sensitivity to bearish data is far higher than excitement over bullish data. This indicates a problem: market sentiment is still fragile, and bullish confidence is insufficient.
A true bottom often occurs when bearish news comes frequently but the price no longer falls, rather than like now—bad news hasn't arrived yet, but everyone is already hedging in advance. So I believe we are far from the true bottom.
In the last round, I gave a long position around 58k, and it has already moved more than 2000 points. I am still holding the long position with a target near 62k. At that point, I will choose to take profit and exit, then reverse to short.
The reason is simple: this wave is just a rebound, not a reversal. 62k is a resistance level visible in the short term. When it reaches there, it will be a short entry point worth trying. If tonight's data is bearish, the market may go straight down; if it's bullish, the rebound will actually give me a better shorting position. At that time, I will also update in real time, stay tuned.
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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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