Intraday Market Analysis

📌 Good afternoon, brothers. The May Day holiday is about to end, and a new week has begun. Today marks the beginning of a new weekly chart. Last week's overall trend did not show strong upward momentum; it first surged and then oscillated downward. Today, we have just broken through the daily support level, which means we cannot make a second attempt to break above 95,000 today. This upward movement on the daily level can be considered complete, and the market is likely to undergo a daily-level correction. The first support target for the pullback is 92,873-91,600. If these two positions are broken, we will see a second phase of decline, targeting around 870-880. For intraday trading, pay attention to the resistance in the 950-960 range; if there is a rebound in this range, consider short positions, with a stop loss at 963.

📌 Currently, Auntie (referring to a trading asset) has also just broken the daily level. Watch for rebound resistance above at 1807 and 1824. If a rebound occurs in this range, you can try short positions, with a stop loss: if the four-hour closing breaks 1824, exit manually. The support for the daily-level pullback is around 1735; if broken, we will look at a second phase of decline to 1665 and 1640. Of course, if the four-hour closing breaks 1824 today, there will still be a chance for the market to reverse and continue to push towards the resistance around 1870, with the market turning bullish again.