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Strength Witnessed, Wave Range Short Position Executed as Planned
Floodgate Release – This isn't something that will materialize just because I say it, nor will it happen with mere words. Instead, it's based on sufficient market understanding. Whether it's the 758 short earlier or the 745 short that followed, both released significant space, with 5000-8000 points cashed out being an indisputable fact. The key to perseverance lies in unwavering patience. Did you enjoy this short position profit comfortably?
So what's next – will the market continue to fall?
Yes. For this round of short-side decline, Wukong's expectation is around 650, which is an important support level from before. If it breaks below, the next level would be 630. If it fails to break, we can start considering light long positions cautiously, but I'm not bullish on the longer term. After all, there's significant resistance around 700, and without major news catalysts, it would be extremely difficult for the market to reverse. From a technical structure perspective, the overall bearish trend remains unchanged with no obvious reversal signals emerging yet. Therefore, Wukong personally believes this round of decline hasn't ended. Focus on downside movements first – don't rush to catch the bottom.
The above represents only Wukong's personal views and is for reference only. Specific market movements require real-time observation. Any changes in subsequent market conditions will be communicated promptly.