Early Market Analysis!!!

1. Overall Analysis

Recently, the price has just rebounded from a support level and is currently approaching a key resistance, but remains below the Fibonacci 61.8% retracement level.

In the short term, the price may continue to fluctuate, as the current candlestick's doji pattern indicates a balance of bullish and bearish forces in the market. If it can break through the resistance level of 2057.14, it may test the next resistance at 2151.25. Otherwise, the price may retrace to the support level of 1923.16. Recommendation: Consider adopting a bullish strategy once the price breaks above 2057.14 and confirms, targeting around 2151.25. Conversely, if the price is blocked and falls back, consider looking for buying opportunities around 1923.16, with a stop loss set just below 1752.50.

2. Technical Analysis

Candlestick Pattern: The current candlestick is a doji, indicating a balance of bullish and bearish forces, which may signal a trend reversal. Market Trend: Overall, it shows a fluctuating trend after a decline, with early signs of a top formation and bearish engulfing pattern indicating a downward trend. Support and Resistance: Key support is around 1923.16, key resistance is around 2057.14; a breakout may lead to further upward movement, while a breakdown may lead to a retest.

3. Potential Entry and Exit Points

Buy Point: 1923.16 (close to the Fibonacci 78.6% retracement level, previous support, with rebound potential) Long Stop Loss Point: 1857.08 (break below recent lows may lead to further downward movement, confirming trend reversal) Sell Point: 2057.14 (Fibonacci 61.8% retracement resistance level, with selling pressure risk) Short Stop Loss Point: 2100.75 (breaking above recent rebound high may continue the upward trend)