Today's AI Algorithm Results:
Resistance Level: Around 99000-100000
Support Level: Around 92700-93500
Liquidity Area (Long-Short Balance Point): Around 95500-95900
Overall Trend: Repair Market Overall Bearish
Brief Review: In the past few days, a bottom similar to a head-and-shoulders pattern has formed. After a decline yesterday, a repair market has emerged, but the overall trend remains bearish. The resistance above remains unchanged; if breached, it can be determined as a trend reversal; otherwise, the bearish outlook continues. Last night, a noticeable liquidity area was left around 95500-95900, with a significant number of retail long stop-loss orders and short orders. Today, pay close attention to the price behavior in this area, as there is a certain possibility of breaking last night's low. After liquidity grabbing, institutions may turn back up to test the upper resistance level.
