Currently, the 5, 10, and 20-day moving averages are in a bearish arrangement and are oscillating downward. The moving averages continue to exert pressure from a high position, and the average market holding cost is continuously decreasing in the short term.

On Monday evening, there was no trend reversal candlestick pattern, but the KDJ indicator formed a golden cross three times in the oversold zone, signaling a short-term rebound.

However, the Fibonacci 0.382 - 0.5 range and the densely traded area at previous highs constitute strong resistance, while the Bollinger middle band continues to suppress. It is recommended to maintain a high short strategy!

Recommendation: Short around 96800 and look for 93500.