The sharper the decline, the more fearful people become of shorting. This is the psychology of most people, and I am no exception.

After dropping to 7.3 on Tuesday and then rebounding, it gave me a false impression of a short-term bottom, so I still had hope for a rebound yesterday.

But losing the 7.4 level on the daily chart has made me fearless in shorting; so this morning I went short accordingly.

The 70,000 level has now been successfully reached, and the key support on the daily chart downward is at 6.5. This level could be the recent bottom!