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It’s impossible to keep rewarding long positions at 65,000 or 66,000. The reason this area has repeatedly formed effective support in the early stages is mainly due to the rising expectations of a ceasefire, with buying momentum continuing after absorption.
But currently, the price has already oversold and broken below 66,500. As the ceasefire expectations gradually cool down, the original support zone may no longer have the same absorption strength.
At this stage, if everyone is still considering going long, be sure to pay attention to this objective risk. However, since this was once a support level, if you want to go long, control your position size and patiently wait for substantial positive news.
Right now, it’s a matter of extreme tug-of-war, and the market will definitely fluctuate back and forth.