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The following views are for reference only. The market is risky, and investing requires caution.
13:10
At present, the market, as indicated in the morning, continues to range and fall, and there are still no signs of stabilization. This is the market direction in which a trend structure is forming. Any good or bad news can only accelerate or extend the move, but absolutely cannot change the direction. The series of analyses has once again verified the accuracy of wave theory in anticipating the market. In the afternoon, watch whether the market at 62890, 62460, and 61850 can form a short-term, ultra-short intraday structure and stabilize; any rebound is only a pullback during the downtrend. The weekly-level target is around 60k.

Don’t go long easily.
Market structure: C4-2
Market trend: Down
Trading strategy: Prefer selling at highs