Wednesday, October 30

The market has continuously broken through the resistance, approaching historical highs, but fortunately it hasn't broken through yet. This means the bears still have a chance. In the coming days, we will observe if the market can pull back; this stage is also the bears' final redemption!!

Yesterday, it failed to break the new high. Referring to historical patterns, the price may experience a period of oscillation and correction. The probability of a pullback during the day is still very high, so our overall thinking today is still bearish.

Reference the 72600-72800 area for short positions, targeting the 70000 mark.