Just when Li Xin thought that the price would go lower and lower, at 9:28, the price of futures copper suddenly rose rapidly, and after just 6 minutes, the price rose from 54,650 yuan to 55,240 yuan.

The copper price stayed in this position for a while, only to 55,190 yuan, and then continued to rise after only two minutes, from 55,190 yuan to 55,360 yuan at 8:41.

The next callback time was shorter, from 55,360 yuan to 55,290 yuan at 9:42, and it rose to 55,450 yuan at 9:44 two minutes later.

That is to say, starting at 9:28, within about 16 minutes, the price rose by 55,450 yuan from the lowest point of 54,650 yuan, an increase of 800 yuan.

Compared with the 600 yuan rebound that appeared as soon as the market opened on August 13, this rebound was pushed back by more than 20 minutes at the time of occurrence, and the rise was even far greater than the former.

Li Xin couldn't help but gasp when he looked at this situation: Could it be that the main force of the bears really began to close their positions in this place? If that is the case, he really has to seriously consider whether to reduce his position or even close his position completely. Otherwise, in the last price rebound, his floating profit of more than 70 million yuan was only more than 10 million yuan after just over a week, and the situation is likely to happen again.

It was excusable to suffer such a loss last time, but this time it would be too unjust to trip over the same stone in the same place.

If you really want to reduce your position, how much will the position of 4,000 lots be reduced at the current point? How big will this wave of rebound be? Will it continue to rise for more than a week like the one on August 13? Under what circumstances will the reduced position be replenished?

Because Li Xin has always believed that the final price will fall below 50,000 yuan, especially after the three-day plunge broke through the 55,410 yuan mark, the trend he expected was to quickly bottom out and accelerate the decline.

At a time when the bears were supposed to continue to expand their gains, and the bulls had just broken through the last line of defense, such a rapid rise really caught Li Xin off guard.

He couldn't imagine whether this wave of rally came from the profit-taking exit of the bears, or the low-level cover of the bulls.

If you are good at short-term operations, such as Yuan Jie, you are likely to have a psychological preparation and prediction in advance for this situation in the day.

But Li Xin was different, and the sudden appearance of this situation in the middle made him a little at a loss. He was torn back and forth between whether to stick to long-term thinking or follow the trend and take out a part of his position for short-term operations.

Thinking about these details carefully, Li Xin's mood couldn't help but get nervous, and her heartbeat accelerated a lot.

He knows that such a decision should be made as soon as possible, otherwise, like the wave of rebound on August 13, there is more than 2,000 yuan between the low point and the high point, and if you don't hurry up, the profit loss will be great.

Li Xin has already moved the idea of reducing his position at this time, if the price continues to rise by another 100-150 yuan at this time, he is likely to start reducing his position.

But just when Li Xin was nervous, copper prices stopped the upward trend.

At 9:50 five minutes later, the copper price fell nearly 200 yuan from the position of 55,450 yuan, back to 55,270 yuan, and then fluctuated back and forth on this line.

As soon as Li Xin saw that the rally was slowing down, he hid the trading window that had been opened again.

After some shocks, the upward trend gradually dissipated, and at 10:11, the price began to fall from 55,290 yuan, and by 10:55 in the morning, the price fell to 54,790 yuan. This is almost back to the 9:25 a.m. low.

Li Xin began to think about it again, no matter whether the wave of more than 800 yuan just now was made up by the multi-party low-level replenishment, or the shorts profited out of the market, anyway, this wave of falling from 55,450 yuan to 54,790 yuan could only be caused by the bears seeing the high point and continuing to suppress.

Because this high level of 55,450 yuan has just been pulled up by a wave of 800 points, it is completely unreasonable for long parties to sell and close their positions in this place and leave the market. Why didn't they put their stop loss yesterday when the price skyrocketed by 800 points and showed obvious signs of rebound yesterday, so why did they stop out after a night of panic and leave the market when the price skyrocketed by 800 points and there were obvious signs of a rebound.

Because such a sharp rebound at such a low position should be a sign of a reversal in the eyes of the bulls, stop loss and exit at this time, unless their head is in water.

After thinking about this truth clearly, Li Xin suddenly found that the empty side did not give up at all. The reason why today's opening price is not as large as the downward gap in the previous trading days is likely to be because the price continues to plummet, so that the bears no longer have the cost advantage of opening positions at such a low price. If you continue to gap sharply, the cost of opening a position on the short side will be very high, and a slight rebound in the price will make the short position opened at a low level face a large floating loss, which will disrupt the rhythm of the short side and affect the overall strategy.

Li Xin thought about it in connection with his actual situation, and this problem was even more thorough: the reason why the bears did not continue to suppress at a very low position was not a problem of funds at all, but a problem of points.

Just like the 4,000 hands of positions on your account, there is now a profit margin of more than 100 million, if you continue to open positions with these floating profits, there is no problem with funds at all, but it will be very risky to continue to open short positions at relatively low points. Moreover, the newly opened position will make the overall cost have a big change, which will disrupt its own rhythm.

However, if the price rebounds sharply when the decline has been established, it is a very good choice to continue to open short positions at a high level.

Li Xin himself does not have this kind of short-term operation skills, but there are many long-term and short-term masters who are very skilled in long-term and short-term operations.

It is likely that there will not be a rally like the one on August 13 today, and this wave of suppression just now proves that the bears have been maintaining their hard-won gains.

Now Li Xin is not as flustered as half an hour ago, he knows that if today's rebound is not as fast and resolute as on August 13, it will be difficult to rise in the next two or three days.

However, within two hours after the opening of this morning, such two waves of rollercoaster-like market indicate that at such a point, the competition between the long and short sides has begun to become fierce.

After the price fell to the line of 54,790 yuan, there was another wave of rapid rise at 10:59, and after just 10 minutes, the price was pulled up to 55,200 yuan.

After that, there was another wave of very tangled and long shocks and declines. At 14:21 in the afternoon, the price fell to 54,790 yuan again.

This price is the same as the price at 10:55 a.m., and the two lows formed a W bottom, where the price found support again, and the bulls came with another wave of rapid pullup.

From 14:21, the price rose from 54,790 yuan all the way to 55,390 yuan at the close, and this wave of increase was 600 yuan, which was comparable to the wave of stretching after the opening early in the morning of August 13.

This closing price is slightly higher than yesterday's 230 yuan.

Today's K-line chart is a small yang line, such a trend surprised Li Xin, he never expected that the price of futures copper in yesterday fell below the support of 55,410 yuan in the previous low and the support line formed by the low point for three consecutive years.

Fortunately, such a rebound is insignificant compared with the rebound on August 13, which rose by 1,080 yuan compared with August 12, and the space between the low and high points of the day exceeded 2,000 yuan.

By contrast, today's move doesn't look like a rebound by any means.

Li Xin, who temporarily relieved the trouble of liquidation, is now relieved: there will be a pause in the process of many declines, and then continue to fall, and today's small yang candle is more like a pause in the process of falling than the rebound on August 13.

Taking the trend of the four trading days from August 28 to September 2 as an example, after four consecutive days of decline, didn't there be a small pause on September 3 and 4? The result of that pause was a two-day plunge on September 5 and September 8, with a drop of 1,300 yuan and 1,500 yuan respectively. The cumulative decline in these two days is much greater than the cumulative decline in the four trading days from August 28 to September 2.

The key now is to see how the trend is tomorrow, if the trend continues to fall tomorrow, then there is still a lot of room for the downside, and it is still worth looking forward to falling below the 50,000 yuan mark.

On September 10, as soon as the opening price came out, Li Xin was pleasantly surprised: the opening price of 54,990 yuan was 400 yuan lower than yesterday's closing price of 55,390 yuan. Because compared with the two-day rebound from September 3 to September 4, the opening price on September 4 was 570 yuan higher than the closing price on September 3, and the gap on the 4th indicates that the bulls are very confident.

Today, judging from the opening price of this gap, the spirit of the bulls is gone, and the judgment that yesterday's rise is just a pause in the process of falling is reasonable.