Expectations for a rebound after breaking through
1. The previous daily low at 111920 serves as the psychological defense line for bulls. After several days of consolidation, breaking this level will undermine the confidence of bulls. When bulls trigger stop losses and exit, a wave of rebound counterattack will follow.
2. Tonight's Powell central bank meeting is of great interest to the market, and the higher the attention, the more intense the volatility will be.
