The competition of interest rate cuts and intensifying geopolitical conflicts have led to a significant downward movement in the market. The analysis of the trend dispute has also provided reminders to everyone. After breaking through the psychological barrier of 103000, it will trigger accelerated downward movement. Currently, after breaking through the previous low again, we can observe the strength of the rebound. The rebound has failed to break through the 103000 line, so it is advisable to continue holding short positions at high levels, aiming for 101000.