Some details about the callback

1. Yesterday, U.S. stocks fell sharply along with the cryptocurrency market, especially in the AI and crypto sectors, and the decline is likely to last until the end of September.

2. Once the low point of 111900 is breached, a rebound is likely to occur because both bulls and those who bought in too early will view this level as a defensive bottom line. When their confidence is shattered, the rebound will happen.

3. The upper resistance level is around 117200, and even if there is a rebound, it will not be able to effectively hold above this level.