Midday Chat:

Yesterday, it rapidly fell from a historical high of 123,218 to 116,250, triggering a liquidation of 135,800 people across the network.

The early session slightly rebounded to 117,350, but is still constrained by the resistance at 118,000, with technical indicators showing signs of oversold recovery.

Resistance: 118,000→ 119,000

Support: 117,000→ 115,700

At midday, the range is narrow between 116,500-118,500, waiting for directional guidance from the European and American markets.