The short position of 94,500 given yesterday reached a low of around 92,700 in the afternoon. Today is the first working day after the 2025 holiday, and the market is expected to have no significant fluctuations during the day, waiting for the evening U.S. market.

Currently, the four-hour trend chart shows a rebound to around 95,000 after touching the low of 92,700 yesterday afternoon. Although there has been a rebound, the statement still holds: we are currently in a wide range of fluctuations. Yesterday, after hitting the lowest support level, it began to rebound quickly. Maintain a strategy of shorting at high points and going long at low points within this range, and wait for a breakout.

Resistance above at 95,600 and 96,200, support below at 92,300 and 91,600. The strategy remains to maintain short positions at high points.

Short at 95,600, add to the short position at 96,200, with a stop loss at 96,500, targeting 93,000-92,300.