From December 17 to December 31, it dropped from 108,000 to 91,500 for two weeks.

In early January, it started to rebound,

here 91,500 has a daily rebound, and after the rebound, it continues to start the second wave of decline.

Because this is a major adjustment, the wave at the end of December was only the first wave of adjustment.

In January, there is no interest rate cut; January hasn't seen a decline for a single day yet.

January also needs to digest the impact of not cutting interest rates.

The risk in January is in the two weeks around the middle of the month, from January 7 to January 21.

This is the risk period, as major adjustment trends often involve

a sharp drop from 108,000 to 91,500, followed by a few days of rebound before another sharp drop to find the bottom.