After significant fluctuations, the market enters a period of consolidation and recovery. Key levels guide direction after experiencing rapid surges and deep corrections, the market enters a phase of consolidation and recovery.
This process typically presents characteristics of gradually transmitting from smaller time frames to larger time frames.
Currently, the minute-level K-line has reached the resistance level of 1030, and the next key target will test the upper boundary around 1039 at the hourly level.
It is worth noting that the 23.6% retracement level at the price of 1015 shows strong support effectiveness, indicating that the bullish trend has not yet ended and the continuation of the upward logic remains reasonable.
However, one must be cautious of the technical pullback risk in the market, and it is recommended to focus on the possibility of a second test of the 1010 level tomorrow and the construction of a short-term bottom.
Investors should closely monitor the breakout situation of key support and resistance levels and flexibly adjust their trading strategies.
