From the one-hour chart, we can see that the market has moved out of the 'bottom rebound' scenario. After dipping to the low of 100305, it quickly regained lost ground, but selling pressure has emerged during the rebound.
The MACD shows 'bottom divergence + golden cross' signals, indicating a preliminary recovery of short-term momentum; however, the moving averages are still clustered around 104000, forming a key resistance zone.
If the rebound can break through the moving average resistance, it is expected to advance towards the 105000 level; if it faces pressure and falls back, we need to be cautious about returning to around 101000. This evening, maintaining a high short strategy is still advisable.
Trading suggestion: Short around 104500, protect at 105500, target 103000-102000-101000
