The market is still bearish. We started looking for a short-term rise from March 24th to around 89,000 - 91,000, but unfortunately, it didn't reach our desired position. I estimate that many of you also have short positions at this level. After not reaching this position, we began shorting from 87,100 without any long positions in between.

There are a few points I want to mention about this market movement; regardless of whether we talk about formations (wedge) or anything else, I emphasize that I focus on probabilities. First of all, the upward rebound is not strong, and there is not much liquidity to be found above at 91,000. Additionally, there are many orders at this position as well. The market is random; what we need to do is determine whether the time frame's level holds effectively. If it doesn't, then it will fall 📉, and there’s no reason behind it, including the current position at 82,760. If the rebound strength isn't significant, it will need to continue to probe lower. Therefore, I believe the next level of 80,500 is worth considering, and I will continue to update my thoughts.