The market has been fluctuating, and it's okay to take it slow as long as we are heading in the right direction. Last night's layout of short-term low positions successfully hit the profit-taking point, and we exited to capture the rebound of 700 points. Looking at the morning market, the price correction after the high is definitely expected, and the short-selling strategy in the morning has been continuously profitable. In the afternoon, we will continue to focus on the integer support level.

From a technical perspective, on the four-hour chart, the price is still maintaining at a high level after a morning of oscillation and correction, with a potential downside of only 300 points. From a technical standpoint, the bulls are still increasing their volume, but the gradual decline in the price is preventing the volume from picking up. The cyclical trend of Yin and Yang indicates that the trading volume during the day is indeed not high. Various moving averages have begun to show a trend of turning downward, indicating a continued bearish trend. We will wait to see the continuation of the situation during the U.S. trading session in the afternoon. We will continue to focus on the downside in the afternoon!

Trading Suggestions

Short at around 37600-37700

Target: 37000-37100; Defend: 38000; Break: 36700, reverse position

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