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The 15-minute timeframe has already formed a clear downward channel. After a surge through 76,800, the bullish sentiment was immediately shattered, and the short-term bears are now dominating the market.
As long as it does not reclaim above 76,800, all rebounds are just giving bears chips.
For bears holding: the 75,500-75,800 range can be partially reduced and taken off the books; keep stop-losses on the remaining positions and see if it can break down further.
For bulls holding: do not add positions, do not hold large orders; if it breaks below 76,800, the long orders have no logical support, and cutting losses early and exiting is the best way to protect yourself.
Bottom-fishing in a waterfall is no different from catching flying knives from the sky.
Real profits are never made by holding through the pain; they come from following the market’s direction and steadily holding onto gains.
Focus tonight on the support at 75,500; if the direction is wrong, all efforts will be in vain.