The main thing to watch next is whether the market rebounds and recovers. After such a sharp drop, a large number of longs have been liquidated. Will the market first rebound and recover before making new lows after reaching resistance above, or will it continue lower without recovering? The key factor is that today is Friday, with PPI data due tonight, followed by the weekend. The timing is somewhat awkward, so we need to watch how the market develops.

Xiaoha’s view: For now, don’t rush into anything. Let’s see where the market goes next. Resistance is around 71,000, and support is around 65,000.