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The current market core: everything depends on Trump’s public opinion manipulation.
Last night, another major signal was issued: on one hand, hinting at sincerity in Iran negotiations and sending "gifts" to soothe the market; on the other hand, continuing troop deployments in the Middle East, using both soft and hard tactics to control sentiment.
The trend is entirely within expectations. The liquidation level near 69,000, which was emphasized yesterday, has been completed, and the subsequent rebound was in line with expectations following the news stimulus.
From a technical perspective, I still favor a bearish outlook. Currently, it remains a sideways downward structure.
Only a firm hold above 71,500 would break the downward trend, allowing the price to continue aiming for the 72,500 target.