Lushi May Day Open All Night Analysis

The large pie rebounded after encountering resistance and then fell under pressure, followed by another rebound. Currently, both upper and lower resistance and support levels are significant. From the 4-hour and 1-hour technical analysis, the bearish forces dominate the market. Key resistance levels suppress prices, while support levels are repeatedly tested. Multiple indicators are releasing bearish signals: the Bollinger Bands on two time frames are opening downward, strengthening downward momentum; the RSI is in a neutral to weak zone on both periods and has not stabilized; the 4-hour KDJ has formed a death cross, with the J value oversold, and after the death cross on the 1-hour level, the two lines are diverging rapidly. Capital flow shows a continuous net outflow from the market, with an increase in the amount of short positions being liquidated, and selling pressure and bearish activity are on the rise.

Operation Suggestions:

Large pie in the range of 94600-95200, target down to around 92200-92800

Auntie around 1810-1830, target down to around 1700-1730

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