Synchronously consider several viewpoints: The decline in the past two days can be attributed to several macro factors, but these macro factors have been deteriorating for a long time, especially the continuous new highs of US Treasury bonds, cryptocurrencies, and US stock indices. The market pressure is not only about interest rates, but also includes profit expectations, position risk, and deleveraging. The minutes of the meeting two days ago also clearly stated that there will be another interest rate hike this year. Yesterday, oil prices rebounded slightly, which may be due to the unstable risks in the Middle East, and the US and Iran are still finding resonance points. This indicates that under high oil prices, it is difficult for the short-term market to tighten. Yesterday's decline has already washed out some of the leveraged bulls in the market, and short-term selling has also declined, but it is not a bottom buying signal. A 4-hour break below multiple support levels has formed a bearish structure. Let's see the bottom exploration situation in the next few days. Short term focus on resistance around 83000, with support below 80000. Crude oil is currently in the game stage. After closing around 96 short positions and 88 short positions, it has been fluctuating, but there is no clear direction now. Should we upgrade or negotiate next? But there is not much time left for Iran, and Trump will definitely take action before and after the November midterm elections. Judging from the market direction, if there is no news of negotiations by the end of the month and the price is below 90, then there will be a wave of rebound. Gold emphasized yesterday that the previously confirmed support range of 4080-4060 will trigger a rebound, and today's rebound is expected. If macro conditions stabilize in the future, the rebound of gold will continue at least until around 4300-4500. Maintain a low long position and continue to go long after a short-term retracement of around 4150.