From a weekly perspective, on the one hand, the pie has tested the support level of 25,000 for five consecutive weeks and has been able to maintain it. This shows that the strong support of 25,000 seems unlikely to fall below without a black swan event; on the other hand, The pie did not stand firm after briefly breaking through the August rebound high of 28100, and is currently retracing. However, a good point is that it maintains the blue EMA21 (27300). If the weekly line can reach above 27300, we We can look forward to the next wave of gains. Otherwise, a range of 25,000 to 28,100 will be formed on the weekly line.
Looking at the 4-hour online view, if the market wants to continue to rise, it needs to remain above 27,300. Once it falls below 27300, it will fall back to the range of 27300~26400, and then the range of 26400~25000.
Summary: We are still bullish for now, patiently wait for the callback to reach higher lows and enter the market to go long. A while ago, all kinds of negative superpositions did not break through 24900, so 24900 is likely to be the short-term bottom.
Looking at the 4-hour online view, if the market wants to continue to rise, it needs to remain above 27,300. Once it falls below 27300, it will fall back to the range of 27300~26400, and then the range of 26400~25000.
Summary: We are still bullish for now, patiently wait for the callback to reach higher lows and enter the market to go long. A while ago, all kinds of negative superpositions did not break through 24900, so 24900 is likely to be the short-term bottom.