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The U.S. stock market opened higher, boosting market sentiment and leading to a wave of gains. The market is currently testing higher levels, with a generally strong bullish atmosphere. However, as we approach key resistance zones, it's important to stay calm.
The key focus above is the 76,000 level, which is the core point of short-term bulls versus bears. If an effective breakout and stabilization occur, it indicates further bullish momentum. Short positions should be cut decisively to avoid trend reversals.
But if the price surges above 76,000 and then faces resistance, pulls back, with volume not supporting the move, or shows signs of a false breakout, it could be an opportunity for bears to strike back. Short traders might consider adding to their positions accordingly.
For those observing from the sidelines, 76,000 is also a good level to watch: if it doesn't break, consider shorting; if it breaks, wait for a pullback confirmation before making a move. Avoid chasing orders blindly.