Trend observation: the key nodes of the current market have arrived!
Recently, the market trend is very clear: it has rebounded from the low point around 3500 to over 3700, with continuous bullish candles on the daily chart, showing a very strong trend. However, after entering the 3700–3750 range, multiple attempts to break through 3747 have failed, indicating that this area is a short-term resistance zone.
From a technical perspective, the daily MACD remains bullish, but the momentum on the 4-hour chart has weakened, and the RSI is not overbought, making market oscillation normal. What needs to be vigilant about in the short term is that: trading volume is starting to decrease, which means there is a slight wait-and-see sentiment from funds, and the market may choose a direction at any time.
There may be two possible trends ahead:
1. Breakout upwards to 3760–3800: the market is likely to continue challenging the 4000 mark, or even enter a new wave of main upward movement;
2. Failure to break through and pullback: the market may retest the 3650–3600 support, with increased volatility and even a short-term adjustment.
Whether you are trading short-term or medium-term, this position is very critical. Don't chase highs and don't blindly short; control the rhythm well, and wait for a clear direction before taking action, which will greatly increase your winning rate.
