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The current double bottom pattern is generally unfavorable for the bulls, with rebound highs continuously decreasing and lows gradually shifting lower, indicating a typical downward channel.
There are no obvious signs of a trend reversal, and buying interest from bottom-fishing funds is weak. The overall market remains bearish. We continue to maintain a bearish outlook, go with the trend, avoid fighting against it, and stick to the rhythm to achieve stable profits.
Trading suggestions: For aggressive traders, short at the current price of 2042; for conservative traders, short around 2060-2090, with a target of 1990-1960; if it breaks below 1940, adjust your defense based on your position.