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08:56
The market, as analyzed in last night’s livestream, rapidly swept upward to clear 65,550 short positions and set a high of 65,600, then quickly entered choppy decline. Currently, it is falling again to around the key level highlighted last night near 64,432. There are signs of a potential stop to the decline, but even if it rebounds here, it would only be a rebound within the downtrend. At present, it looks like the top of the downtrend has already been formed. The rebound range is 64,432~65,090. After the rebound ends, once 64,432 is broken, the market will accelerate its sell-off toward the next low point 61,800.
Upside resistance levels: 65,090, 65,400.
Downside support levels: 63,630, 62,440, 61,800.
Market structure: Break 64,432 to enter C4-2
Market trend: Downtrend
Trading strategy: Prefer selling on rallies
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