The current market has short-term rebound momentum, but is under pressure in the medium term. The daily MACD is above the 0 axis, and the KDJ is turning upward, indicating short-term upward signs. However, the space above the current position is limited, and resistance is gradually increasing.
In the four-hour chart, the Bollinger Bands are narrowing, with the upper and middle bands trending downward, maintaining an overall weak trend. The upper band around 109500 serves as a resistance level. However, the bearish MACD momentum is shrinking, and the bullish momentum is increasing. The KDJ is reversing upward before a death cross, indicating short-term sentiment recovery.
Last Friday, there was a slight decline due to the U.S. stock market being closed, and the current rebound is a technical correction. Uncertainty regarding tariffs continues to suppress the market, so operations should focus on shorting during rebounds. In the short term, it is necessary to control the pace and risk.
Trading Suggestion:
Short in the range of 109500-110500, targeting lower at
108000-107000. If it breaks down, continue to look lower!
