The support at 69500, if broken, will lead to a breakdown of the market to 68750, showing a downward trend.
71500 is a watershed; if broken and held, the market begins to trend upwards towards 76000, 78000, 84000. If not broken, the market will come down again, and a big bearish candle will likely follow.
Like tonight, when the 71500 pressure came down and reversed, the market needed to quickly smash down with a big bearish candle, but that did not happen. After the U.S. stock market opened, it fluctuated back and forth by 1000 points for two and a half hours, starting to build a base around 69500. This itself is the starting point for yesterday's rise. The probability of quickly smashing the market looks very low at present. I have already explained this in my post during the day.
So, with 69500 not broken, holding a long position is very perfect.
Now it's hard to follow the major trend; it’s still mainly about the waves, choosing pressure and support levels, combined with 1-5 minute indicators. Choosing entry positions based on 15-30 minute indicators is too late now; we are in an era of quick pulls of one minute, haha.
After setting the stop loss, as long as the market has a profit of 400-500 points, definitely take the capital loss.
The return to 76000 will be around 74300 points, honestly smashing down to near 71000. As for what other nonsense is going on, a large part is due to the U.S.-Iran conflict combined with the Federal Reserve's rate decision announcement, leading to oil, the dollar, and the cryptocurrency market all taking turns to harvest! This is why capital likes war—not only for physical harvesting but the financial harvesting is even more brutal!
In the past two to three years, the market from February to March 2026, those with congenital heart disease should play less; it's easy to reach a state of extreme joy early!