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June 2nd Morning Analysis
Based on the current trend, after a previous period of deep correction, the market has not shown a strong rebound, remaining in a low-range consolidation with clearly insufficient recovery momentum. Buyer support remains weak, and the technical setup shows a clear bearish alignment, with prices continuously constrained by major moving averages. The recent rapid decline and weak rebound further indicate a lack of effective buying pressure, with the bears still in control.
Trading Suggestions
Short near 79100-79600 on the rebound, with targets down to 77800-77000. If broken, continue to watch for a drop to 76,000.