Today’s market basically followed yesterday’s strategy, and the situation is pretty much in line with what I expected. Right now, both sides are still maintaining a ceasefire. There are no new negative developments to smash the market down, so expecting a kind of huge waterfall isn’t really realistic in the short term.

But my thinking is still bearish. At this level, it’s not advisable to chase a rebound and go long—don’t see a slight pull up and think the bulls have returned. Instead, be patient and wait for the price to move up a bit, then find a more comfortable level to go short, which will be more stable.
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