July 21st Intraday Analysis

Yesterday, the overall trend maintained a downward movement, as expected. The price of the big pie 🫓 rose to around the 118,800 line and faced pressure. The intraday fluctuation range is continuously compressing, and a further pullback to the 116,500 line support is expected. The rebound has already touched the mid-track resistance, but has not broken through again. Once the momentum exhausts, the intraday gains may be swallowed again, and the weak oscillation pattern will continue. Please adjust flexibly according to market trends.

From a technical analysis perspective, the overall wide fluctuation is analyzed, with the MACD continuing to show increasing green bars and bearish momentum; the daily MACD is still near the zero axis, but the fast and slow lines show signs of a death cross, requiring attention to the possibility of further weakening. The RSI value is 42.57, close to the oversold area but not fully entered, indicating limited rebound strength; the daily RSI remains at a neutral level, with an unclear trend direction. Cloud Heng expects first to rise and then to fall, maintaining high selling and low buying during this period. (Defense is crucial)

Rebound near the 118,800 to 118,400 line for short positions.

Target around the 117,000 to 116,500 line.

Rebound near the 3,795 to 3,765 line for short positions.

Target around the 3,715 to 3,680 line.