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The entire network's liquidation hits 1.2 billion
Multiple armies swept out
75,500 becomes the life-and-death line
In the early morning, oscillating downward sweep took out over 1.2 billion in positions across the network, chasing longs at high levels caused a full explosion, #恐慌贪婪指数 emotional spread.
But there was no heavy volume to cause a deep crash; around 75,500 there is strong support, the main force does not want to continue falling sharply, just a shakeout.
75,500 is today's life-and-death line, holding steady for oscillation rebound, if broken, look to 74,000. Now is not the time to cut losses or panic, wait for support to buy low, after the shakeout ends, there will be a rally.
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