In the market competition of the past two days, the bearish forces have surged aggressively, displaying an overwhelming advantage, advancing swiftly.

By the evening, they continued their pursuit, delving deeper, causing prices to plunge like water breaking through a dam, decisively falling below the key level of 92,000, setting a new low record compared to yesterday. The market trend seems to be pulled by an invisible hand, aiming for the significant level of 90,000, with a strong momentum to break through.

However, just as the bears were about to achieve a great victory, the market underwent a sudden change, abruptly igniting a strong rebound, like a ray of light breaking through the darkness, disrupting the previous downtrend.

If this rebound can continue, igniting the wildfire of a bullish counterattack, then the area around 96,000 will become the focal point for both bulls and bears, akin to a strategic location on the battlefield, where the formed resistance will play a decisive role in the subsequent trend.

Currently, market participants are holding their breath, with all eyes focused on the non-farm payroll data to be revealed tomorrow.

This data acts like the market's "barometer," clearing the fog and revealing whether the market will continue the rebound or if the bears will make a comeback. Let’s wait and see.

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