The probability of the pancake falling below the previous low of 6.5 support and subsequently falling below 60000 is relatively high; The extreme downward limit is around 4.5, and the conventional reasonable bottom center is around 50000. The remaining downward space from the current price to the extreme low is about 10000-150000 Previously, the high market contract funding rates were due to the habit of individual investors buying long at the bottom of a big drop. The main force needs to break below the previous low point and kill the trend following bulls. Only after the rates fall sharply can they have the conditions to initiate a large-scale rebound The morning rebound is a weak rebound brought about by profit taking, and there is still a sentiment of chasing short positions in the market. After a small rebound, there is a high probability that the downward trend will continue After falling below the previous low of 60000 in the future, the market will quickly recover (with a pullback of the hourly/four hour bullish candlestick and a rise in the high point of the small cycle), and then usher in a stage of rebound; If the market is unable to recover after breaking through, and the five waves of decline continue to explore new lows, do not predict the specific bottom point in advance. Wait for the market to emerge from a clear pattern of attracting funds to build a bottom, and for funds to resonate with the K-line before gradually laying out long positions. Fixed investment at the end of the month, with an average of 5 shares of total capital. Buy 20% of the bottom position for around 50000 yuan first; For every 2000 points drop in price, increase the remaining position and adopt a fixed investment phased layout