5.19 Monday Afternoon Analysis

In the morning, the large 🫓 touched just below 107,000, inducing some fluctuations, then it fell sharply, dropping to 102,800, a waterfall decline of 4,000. Congratulations to those who followed the analysis and traded accordingly. In the afternoon, whether it can break below 102,500 will determine if further declines will continue. Please adjust flexibly based on market trends.

From a technical perspective, the overall situation is at the lower band of the Bollinger Bands, indicating a downtrend. Recently, there has been a doji, which may signal a short-term rebound or consolidation. The MACD on the 4-hour chart has slightly turned up, suggesting a short-term rebound, but the main focus remains on fluctuations. Given this point, the strategy should still focus on rebound highs. (Defense is crucial)

For rebounds, trade around 104,000-103,600.

Targeting near 102,200—101,500.

For rebounds around 24,300—24,000, target near 23,400—23,100.