The current market trend is clearly downward, and technical signals indicate a bearish alignment of moving averages and a death cross, forming a strong bearish expectation. In the short term, it may further test the strong support level of 117413.2. However, the trading volume has significantly increased and the price is above VWAP, indicating strong buying pressure in the market, which contradicts the technical signals and suggests the possibility of a short-term rebound or consolidation.
The value of MA10 is greater than the value of MA30 on the date 2025-08-11 20:00:00, the value of MA10 is greater than the value of MA30 on the date 2025-08-12 00:00:00, indicating a downward trend with a divergence in volume and price.
Near 120500 to 119500, 118500 to 118000
