In the past few days, the big pancake has another plunge, 91000-88000, it can't go below 93000-92000, there is a high probability it might rebound, but this possibility is relatively small. After all, Japan's interest rate hike may happen, and the rebound in U.S. inflation still exists, which lowers the probability of interest rate cuts.

December in the U.S. is a month for capital recovery, and assets need to be liquidated. These are patterns, happening every year, just like in the month before the Chinese New Year when companies have to give year-end bonuses to celebrate the New Year, whether it’s a small hammer or a chicken feather, it has to be given.