The major market has fallen below 65,000, increasing the likelihood of dropping below 60,000. The regular reasonable bottom center is around 50,000, and an extreme dip may reach down to 45,000. Currently, there is still a downward space of 10,000 to 15,000 from the extreme low.
The rebound this morning was merely a weak repair triggered by short sellers taking profits, and the sentiment for shorting remains strong. After a brief rebound, it is highly likely that the market will continue to go down. Retail investors who habitually buy on dips have added to the burden of the market, and the main force must crush the bulls by breaking the previous low. Only after a significant decline in funding rates will a genuine level rebound occur.
Operational Discipline:
Do not anticipate the specific bottom in advance! Do not release the eagle without seeing the rabbit:
If it quickly recovers after dropping below 60,000 (accompanied by a large bullish candle and higher lows), it can be seen as a rebound opportunity.
If it cannot recover after breaking down, a five-wave decline will continue to find a bottom.
Be patient and wait for the market to show a clear accumulation base formation. Only when the funds resonate with the K-line will it be the best time for us to gradually reduce our short positions and calmly lay out long positions!
Official Account: Big Bull Talks Market
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