Evening Analysis on 8.8
Today's Hangzhou Situation Review: The large pancake has bounced back from the 117578 line to 116360, entering a small range of fluctuations. Observing from the one-hour cycle, both sides are fiercely contending, showing an alternating pattern of Yin and Yang candlesticks.
The market generally believes that the Hangzhou situation may stabilize and conclude today, but considering the characteristics of 'Black Friday', the probability of significant fluctuations in the evening is relatively high. It is recommended to prioritize observing the release of retracement momentum. Once the low support is effectively confirmed, one can consider placing a long position.
Suggestions
Large Pancake: Long around 116000-115200, target 116800-117500, if broken, look for 118500.
Second Pancake: Long around 3860-3835, target 3900-3940, if broken, look for 4000.
