Just to update everyone, this morning we planned to buy long positions around 65,800, but two consecutive large-volume bearish candles directly broke through this support level. The original bottom-fishing zone has now turned into a strong resistance. The thinking has been updated accordingly, with short-term and medium-to-long-term strategies explained:

First, look at the current market, the current price is 65,736, all 15-minute moving averages are trending downward, MACD bearish momentum is still present, oversold rebound has no additional funds entering, and the rally is stalling. The bulls have no real offensive power, so don’t rush to bottom-fish in the short term.

Short-term operation: now is only suitable for shorting on rebounds. When the price rebounds to around 65,950 to 66,160 and faces resistance with a bearish candle, you can lightly try shorting. Watch for a pullback to the low point of 65,650, with support levels at 65,500 and 65,200 below.

Next, connect with our original bullish logic; the medium- and long-term layout idea has not been overturned, only the entry points have shifted downward. Currently, the market is in an extreme fear zone, with high cost-effectiveness for medium- and long-term positions, but it’s better to buy in batches at lower levels: establish a base at 65,200-65,000, add heavily at 64,500-64,000, and have a bottom line at 63,000-62,500. Do not allocate more than half of the total position. If it falls below 62,000, the long-term bullish idea should be abandoned and exited.

Finally, a reminder: tonight’s Federal Reserve decision has not yet been announced, so market volatility will increase. Short-term, regardless of long or short positions, keep risk very light, strictly set stop-losses, and do not hold long-term contracts for swing trading.