The script aligns with expectations and predictions.

Friends, yesterday during the live broadcast, I predicted that after a second decline, there would be some consolidation followed by a rebound, and I will closely watch whether the small-rate hike will be just 25 basis points. Today, the small-rate hike was in line with market expectations of 25 basis points. During yesterday’s live broadcast, we also mentioned that if it’s only 25 basis points, the negative impact will be limited, making a rebound easier.
From a technical perspective, the market experienced a five-wave decline. Technically, the rebound demand is relatively strong.
Today, our focus is on the 2:30 PM statements from Zhitian and Nianbiao. This is the only time this year that the People's Bank of China’s speech can be as important as Fed Chair Powell’s comments. If they say that this rate hike is enough and further observation is needed, the probability of that is high, which would be a dovish rate hike. The market is likely to continue rebounding.