Analysis of thoughts on the morning of the 12th.

After rebounding to around 86800 last night, there were multiple pullback actions, and the market tested downward again, reaching a low of around 83800. Currently, although there is a slight rebound on the chart, the momentum is weak, and overall it is still fluctuating around 87000.

From the current market perspective, the bullish momentum is clearly insufficient, and the corrective trend lacks sustainability. The daily chart has once again shown consecutive bearish candles, and the overall trend remains constrained by the middle track pressure. After reaching the resistance level during the upward movement, it quickly fell back, failing to form an effective breakthrough. The volume increase during yesterday's downward movement further confirms the continuation of the retracement trend. In summary, the core strategy for future market positioning remains focused on shorting during rebounds.

Operation suggestion: Short around 86900-87400, target down to 85500-84500. If it breaks below, continue to look down to 82000.
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