Pancake, after the morning daily closing, quickly dipped to 1125, then rebounded all the way up, currently close to the 1140 position. Here, we need to pay attention to a detail.

Monday and Tuesday saw a rebound after midnight, followed by a morning daily closing, and then a downward trend. Today, Wednesday, is the opposite, with a continuous rebound. Is there a sign of reversal? It's still unknown for now and requires further observation.

From the market perspective, the daily candlestick shows a large bearish candle. In this situation, we should prioritize considering short positions. The only long position I would consider is at the previous low of 1118; otherwise, I won't consider any other positions unless tonight does not break the low.

Yesterday, the drop from 1166 to 1126 was 4000 points. Based on the rebound ratio, it is roughly around 1145-1150, so one can enter short positions here, looking down to 1132-1125, and only if the low is broken can we look at 1120-1115.