The intraday long and short positions are also relatively intense. The price has tested the 2490 level multiple times during the day and staged a rebound. However, the subsequent supply from bulls has been insufficient, and the upward trend in the evening could not be sustained. Currently, it is under pressure near the 2523 level and has retraced, with a short-term trend leaning weakly.

On the 4-hour level, a short-term support has formed around 2480, with 2546 being the intraday high. The intraday rebound did not break through the previous high of 2546. The range between 2485-2450 shows significant fluctuations.

On the daily level, there have been three consecutive days of long lower shadows, with fierce competition between bulls and bears in the 2465-2548 range. The 2480 level has become a key short-term support. MACD: On the 4-hour level, the DIF and DEA are sticking together below the zero axis, and the MACD histogram has turned red but lacks sufficient volume. After the death cross on the daily level, the difference has narrowed to -50, with the daily EMA120 (2384) serving as long-term trend support.

In the short term, the expected range-bound market will continue. It is suggested to mainly focus on short positions during rebounds, with upper resistance levels to watch at 2560, 2585, and around 2625, while support levels to pay attention to are around 2480, 2455, and 2425.

Short position during the rebound around 2560-2595, looking down to around 2450-2400.