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Yesterday's long position at the low end of this wave was successfully realized, almost capturing nearly 1,000 points of space.
That sharp decline then immediately ignited the emotions of a bunch of bears and calling for a bear market KOLs. 😂
But I still say: it's okay to be bearish, what's your logic?
I hope everyone can provide more quality analysis, speak with logic, and improve together through discussion, rather than following emotions.
Looking back, many calling for a bear yesterday probably shouted from 73,000 all the way to 79,000; such calls have little reference value.
The most important thing in the market is to stay rational.
Now, falling back from the 77,400 support level, overall, there's less than 1,000 points of space—basically a normal retracement.
Currently, the focus is on the 76,300–76,600 range; as long as this support holds, the structure remains intact.
Looking further down, 74,800 can be considered a key defensive level (institutional cost zone); if this level doesn't break, the bullish trend is not in trouble.
The May Day market hasn't truly started yet; don't be led by short-term fluctuations.
Be patient, the upcoming market won't be absent.
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