Yesterday, support was maintained near 69K, marking the first rebound from the decline to 76K. Currently, the rebound strength is weak, with resistance expected at 71K-72K, followed by further decline.



The blue support line below: if touched again, it may not hold. This trendline (69K) has been tested four times previously—the more times support is tested, the weaker its effectiveness.

If 69K breaks down, watch for 66K and 63K below. If 69K breaks, it can be considered that 96K was the top of this downward correction.

Aggressive short positions consider 71K-71.5K, while conservative ones consider around 73-74K. For long positions, only consider attempting a buy with a stop loss near 66K.

If 69K holds support, there is a possibility of forming a higher high before breaking below 60K.

If 69K cannot hold, then watch for support at 66K, a rebound to 69K, and then a break below 60K.
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