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Today I believe it is a weak oscillation, with a short-term reversal and a wait-and-see approach in the medium term. Watch 78,500 intraday.
After all, today is the weekend, with low liquidity. If the market moves bearish and follows a bearish script, pay attention to whether 78,500 can hold or not, and if it can't, it will continue downward, first to 78,200, and if broken, directly to 77,700.
Remember 77,700 as the key point today, it is the core target for the bears and also the best position to rebound. If 77,700 is lost, then test 76,700.
Conversely, if it truly recovers back above 78,500 and stays above for more than an hour, then the bulls will attempt to push to 79,100-79,500.
A few points to watch: 78,500 is the dividing line today. Wait for a pullback to see if 77,700 can be held. The weekly line at 76,577 and the spike low at 74,868 are not broken, so the medium-term remains somewhat bullish.