Can the rebound continue within the day on Tuesday?
Yesterday, after the big cake market rebounded to the 84000 area, the bulls did not form a sustained breakthrough but instead continued to weaken and decline, until this morning when the market's lowest point dropped to around 76500, stopping the decline and showing a rebound. The current market is running around 79300.
At present, it seems that after a strong decline, the bears have paused, and the market has clearly shown a rebound effect, but the strength is not very strong, indicating that the overall weak trend still exists. If the market cannot break through and stabilize above 81000 during the day, there is a possibility of further decline. Therefore, in terms of operation, it is not recommended to blindly chase the rise; it is better to focus on short positions!
Specific operations can refer to
Short positions with light holdings in the 79600-80200 area, reserving an opportunity for a supplementary position, with targets looking at the lower range of 77500-76000.
