The current market is in a typical range-bound pattern, with key support at 116700 and resistance at 117465.
Technical indicators show that although a bearish reversal signal of the evening star has appeared in the 1-hour cycle, the entanglement of moving averages, weakening momentum, and neutral performance of the BOLL and RSI indicators indicate that the market trend is unclear, with a dominant range-bound pattern.
The strength of key support and resistance is relatively high, and prices may continue to fluctuate within this range in the short term.
Look for 120500-120000 area, watch 119500-119000
