The decline in the market is expected. The expected probability of a 25 basis point interest rate cut in June has dropped to 56%. The data just released is 3.5%, the previous value is 3.2%, and the expected value is 3.4%. Inflation is obviously beyond expectations, which will cause the market to lower its expectations of interest rate cuts. The market has just reacted and hammered down. Whether it will continue remains to be confirmed!
Pie, just driven by CPI data, broke, but it is not certain whether it can continue, because it often likes to use data to make V-reversal and A-reversal. The intraday flat trend is obviously not good in terms of rebound strength, and it is also insufficient in terms of time, but the panic sentiment is almost out. You can bet on a rebound first, and then confirm the pressure level!
The support position below is around 66900, which is also a trend line of a 4-hour K-line. The greater convergence support is at 64000!
If you plan ahead, you will inevitably encounter short-term trial and error. Just now, you have publicly announced the tips for buying more at 67600 and 3420. Wait for the results. If you encounter a continuous downturn, you will leave the market decisively.