The market continued yesterday's downtrend during the day. After rising to around 71,600 in the early morning, the downtrend increased and fell back to around 69,400, then quickly rebounded to around 70,200 with oscillations. The daily line shows a three-consecutive bearish candle with reduced volume touching support near the midline. The four-hour level shows bears gradually reaching peak, while the hourly structure shows bearish consolidation with positive candles. The short-term downtrend is gradually breaking upward. Operationally, light long positions at lows are acceptable, still favoring high shorts mainly.

Thursday Evening Market:

If the market oscillates around 71,000-71,500, target 69,500-69,000.

If the market oscillates around 2,210-2,230, target 2,145-2,115.

The market is volatile, pay attention to risk control. Lock in profits within the range when opportunities arise.

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