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Now it’s clear, this sharp fall is just a Whipsaw, specifically shaking out the leveraged long positions.
This afternoon, I got a bit itchy and opened some short positions, but now it seems a bit unnecessary. Given the market's current trend, it's highly likely heading towards the 91 level. At that time, I hesitated to chase after the price plunge, fearing the loss from a false breakout.
Sometimes not taking action is the best action.