6.23 Evening Market Outlook

Korean stocks plunged, triggering a circuit breaker. Risk-averse sentiment kicked in first, and U.S. stocks continued to weaken at the evening open. The Nasdaq fell 2.3%, storage technology stocks collectively opened sharply lower and saw heavy sell-offs. Global risk assets moved in sync into a sell-off cycle, while Bitcoin (the “big pie”) remained under continuous pressure and drifted lower.

Now around 62,300, the small rebound in the short term is only a brief correction after the sharp drop. The overall downside structure remains intact, and the focus of the market continues to shift downward.

Operations

The resistance zone above is 62,600–63,000. On rebounds, continue to follow the trend and keep selling at the upper end (“doing top sells” under pressure). The first key support is the 61,000 level; after it breaks, further probing will be toward the 60,000 whole-number level. Keep positioning primarily with the trend-following approach focused on the short-term upper-end (“sell-the-rallies” style). After a breakdown, continue to watch the previous low at 59,000, and keep a light position layout while strictly adhering to risk control.