Yesterday saw a major drop, accompanied by a series of impacts from the news, leading to a continuous chain reaction in the market with declines, breaking points, and after probing the bottom, a rebound occurred. After the drop, most of the long positions were washed out, followed by a 7000-point rebound. This again reflects the rhythm of the market washing out positions. After the bottom appeared, there was an upward spike, still having a significant impact. From a technical structure perspective, yesterday's large bearish candle directly penetrated the low point.
Today, the daily candlestick formed a doji and closed higher, but the price remains below 80000. This kind of sign clearly indicates that we are in a transitional phase of a major drop and oversold correction. Currently, it seems like a rebound is warming up, but the short-term signals from the technical structure show very clear bearish momentum, with obvious signals to continue moving downward.
Therefore, in my operations, we remain short on the rebound.