In the afternoon, the market saw a shift between bulls and bears, but it is still oscillating within a range. The short-term momentum is gradually strengthening, with the hourly MACD above the horizontal line and moving averages trending upward. It appears that the short-term upward momentum will continue.
If the upper resistance level cannot be broken in the evening, it will be an opportunity to enter short positions, looking down at 108000/2530. Conversely, if the bulls can break the resistance level again during the weekend, it will open up upward space for us next week.
For the medium to long term, we still hold the same view on the bulls; for the short term, we should sell high and buy low to accumulate, waiting to see how the market develops after the adjustment next week.
