Quick thoughts on the market, This drop and the one on October 11th are very different. The drop on 10/11 was a straight-up liquidation, with almost no turnover, purely for liquidity purposes. The range breakdown from 10/11 took 24 days. This time, there's been a lot of turnover, and the turnover price has dropped into a new range. This means that a large number of positions in the 106,000-115,000 range are now trapped. As for the new range of 98,000-106,000, my view is: It probably won't consolidate for too long. After 24 days of turnover, the last round of selling finally trapped the retail investors. They won't easily give them a chance to break even. I'll still look for a position to re-enter short positions. The profit mechanism for shorting is based on percentage gains, not absolute value gains. It's inherently about shorting, covering, shorting, covering. And now, liquidity is even worse. This morning, even the big players at ye's place took half an hour to close their positions. In this market, it's better to be cautious about going long.