💹Market analysis
Judging from the current structure of the 4-hour level, the market made a small move last night, but the rebound did not touch the rising point in the morning. It hit the lowest level of 27200 during the night and then started to rebound, and the pin did not move. After touching the middle track, the overall trend is still at the middle and upper track of the Bollinger Bands. The energy column of the bulls has begun to shrink. The K-line has gone out of the four consecutive negative conditions and has dropped to yesterday's low and started to rebound.
At the daily level, a big yin broke the strong pattern of seven consecutive yangs by the bulls. The market was blocked and recovered after rising, but it did not swallow up all yesterday's gains.
From a short-term hourly perspective, the price remains within the MA5 daily moving average and the 10-day moving average, and there will be a certain rebound in the short term. The short positions did not continue after the bulls retreated after each surge, and then the bulls moved upward with a stronger attitude. At present, the broken Yang is expected to continue to rise. The overall market is still within a large box range. The third line of the Bollinger Bands has begun to close. The short sellers continue to increase the volume. The moving average also maintains downward spread, but the price decline continues. It is not strong, and the downward space of the price channel has not been opened, and the price needs a round of recovery to repair.
In today's operation, it is recommended to focus on low and long.
Judging from the current structure of the 4-hour level, the market made a small move last night, but the rebound did not touch the rising point in the morning. It hit the lowest level of 27200 during the night and then started to rebound, and the pin did not move. After touching the middle track, the overall trend is still at the middle and upper track of the Bollinger Bands. The energy column of the bulls has begun to shrink. The K-line has gone out of the four consecutive negative conditions and has dropped to yesterday's low and started to rebound.
At the daily level, a big yin broke the strong pattern of seven consecutive yangs by the bulls. The market was blocked and recovered after rising, but it did not swallow up all yesterday's gains.
From a short-term hourly perspective, the price remains within the MA5 daily moving average and the 10-day moving average, and there will be a certain rebound in the short term. The short positions did not continue after the bulls retreated after each surge, and then the bulls moved upward with a stronger attitude. At present, the broken Yang is expected to continue to rise. The overall market is still within a large box range. The third line of the Bollinger Bands has begun to close. The short sellers continue to increase the volume. The moving average also maintains downward spread, but the price decline continues. It is not strong, and the downward space of the price channel has not been opened, and the price needs a round of recovery to repair.
In today's operation, it is recommended to focus on low and long.