Time flies, and 2024 is coming to an end. Today will be a day of settling accounts. First of all, I would like to wish everyone a Happy New Year, and I hope that everyone will have smooth sailing in the days to come. I also remind everyone to be cautious of risks on the day of settling accounts.

Next, let's talk about the recent market situation. The market has been continuing to fluctuate. Last night, there were several large ups and downs, resulting in multiple long upper and lower shadows. After previously touching the high point around 108400, the high points are gradually decreasing, and the low points are constantly refreshing, showing obvious signs of a correction in the candlestick chart.

At the same time, the MACD fast and slow lines are running below the zero axis, and the DIF and DEA are continuously diverging, indicating that the bearish forces are dominant.

Looking at the short-term EMA(7), it has crossed below the medium-term EMA(30) and is approaching the long-term EMA(120), forming a death cross, indicating strong downward pressure. Additionally, the three lines are in a bearish arrangement, further confirming the downward trend.

Therefore, the main theme today remains to look for a rebound relying on the range of 93400—93800 while continuing to look downward. The key points to watch below are the low point of 91500 and the round number of 90000.