Christmas is not only about celebrating the holiday well, but also about grasping the market trends!

The market surged significantly in the early morning, breaking all minor resistances, indicating a temporary farewell to the downtrend, while the rebound phase has arrived.

The next round of rebound will likely aim towards 100,000 and 3,600 again (wave Fibonacci 0.5 resistance).

After the strong rebound in the early morning, there won't be much space left for short positions today, and the intraday pullback may be very slight.

Through the slight pullback in the early morning, it can basically be determined that short-term support exists at 97,500 and 3,450.

Therefore, for low long positions, the above two levels are the primary support entry points, and the defense level does not need to be too large, expected to be around 500 points and 50 points.