6.17 Midday Analysis
Last night's surprise attack on 109000 caused a sharp increase in short positions. Today's Hangzhou sentiment: pullback and volatility.
Hangzhou sentiment assessment: Recently, the daily chart has shown a long lower shadow with increased volume, followed by slightly weak price action. The current closing price is close to the previous high but has not yet broken through. Within the hourly time frame, a pullback trend has emerged, indicating selling pressure above; at the same time, there are clear oscillation characteristics with alternating bullish and bearish candles.
Suggestions:
Large contract: around 107700-108600. Target: 105500-106600, aiming for 104500 after a breakout.
Small contract: around 2620-2650, targeting 2540-2500.
