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Considering the overall market environment, B-die should prioritize a rebound and go long right now. The previous round of concentrated sell-off fully cleared all near-term selling pressure. The short-term oversold drop has exceeded a reasonable range, and the market’s oversold condition is clear. There is a strong need for funds to replenish. A technical rebound and upward push is the general trend.
From a medium- to long-term perspective, the overall downward pressure continues to weaken. There isn’t enough momentum for a one-way sell-off, and there is no foundation to support another major wave of decline. The market as a whole is gradually entering a phase of stopping the fall and building a base.
Moreover, B-die has higher activity in its order flow and more active trading of its chips; under the same corrective market conditions, the upward upside has the potential to be far better than other instruments. There’s no need to follow the market’s bearish sentiment. Rely on key support areas to position long trades, and seize the long opportunity brought by this oversold correction and rebound.
Trading recommendation: Go long around 1550-1520, targeting 1600-1630 on the upside. If 1680 and 1720 are broken, manage risk accordingly. For defense, decide your risk-control approach based on your own position.
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