The intraday market has ended. In the morning, the main asset continued the upward trend of the previous night, rising to a high point of 108783. After that, it underwent a sustained pullback, experiencing a long period of sideways adjustment around 107500. In the evening, a spike reached a low of 106686, followed by a rapid rebound above 107500. Currently, it is oscillating and adjusting near this level. The alternative asset reached a high of 2524 in the morning, then underwent a corrective fluctuation, and in the evening, it sharply declined to a low of 2434 before rebounding strongly above 2480, though it has since pulled back.
Overall, the market structure has still exhibited a sideways adjustment today, with clear testing of support below. However, the evening spike did not result in the expected strong breakout. After three consecutive bullish daily candles, the upward momentum is somewhat lacking, and after reaching a high, it faced clear resistance. The range of 108500-109000 remains a strong resistance area, and the downward trend channel has yet to be broken. Currently, the strong support at the middle band on the four-hour chart has been significantly damaged, having been touched and pierced multiple times, but it has still led to strong continuation. In the short term, the price will continue to test around this line! Meanwhile, the rebound from the alternative asset has improved the outlook, making it difficult for both bulls and bears to achieve strong continuation in the short term. Therefore, the breakout of key points up and down will determine the mid-term trend pattern!
In the near future, for the main asset, consider going long around 107000 and watch for 108500. For the alternative asset, consider going long near 2460 and watch for 2500. Any pressure above can be used to set up short positions while keeping an eye on the middle band support.