Good Monday morning, I am Li Feng. How did everyone fare over this somewhat restless weekend? Originally, I was holding short positions expecting a wave, but a surge on Saturday night caught me out. The trend is still on my side, so I calmly took profits with a 2,000-point gain and exited.

Looking at the technicals, the daily chart is generally moving within a downward channel, with the price below the 100-day and 200-day moving averages, indicating that the medium- to long-term bearish structure remains unchanged. The 4-hour KDJ and RSI show no clear signs of bottoming out, and the MACD remains in a death cross below the zero line, indicating that short-term bearish momentum still exists. Market sentiment is in a state of "extreme panic," at a very low level recently.

Resistance levels: 71,500-72,000
Strong resistance: 70,000-69,500
Trading suggestions:
Focus on short positions, consider adding to shorts around 71,500 on rebounds, with a stop loss at 72,500, targeting 69,500.