Overnight pancakes have once again fallen below 10,000 points, some are happy while others are worried. How will the market move next? Personally, I believe that the current bottom may not necessarily be the real bottom, and this requires high attention, especially on the interest rate decision today. If there is an interest rate hike, then the Japanese stock market might experience a sharp drop and circuit breaker when it opens in the afternoon, making a waterfall scenario highly likely.

Currently, the market remains extremely unstable and shows signs of a top divergence, coupled with Powell's speech, hawkish remarks, and reporters' questions. The index is currently gathering around the daily middle track at 98,800 points. If this defense line is breached, the bears may sweep through again, and for the medium to long term, we should pay attention to the previous low level around 94,000 points.

In the short term, it is crucial to maintain good risk control in operations.