August 18 Daily Analysis

The weekend still tends to be in a volatile pattern, without much analysis. As mentioned on Friday, after a significant decline to 116,800, it rebounded to around 118,500. After a slight rebound, it declined again to around 1,175,000 in the evening until dawn, with intense fluctuations. Personally, I believe there are signs of stabilization in the price adjustment. If there is another bullish close during the day, there is hope for further gains. I maintain an upward trend view, with long positions entering at 117,000 and part of the take-profit can continue to rise. Please adjust flexibly according to market trends.

From a technical perspective, the overall situation is characterized by high-level volatility. Although the MACD is below the zero line and the histogram is shortening, the bearish momentum is weakening. The RSI value is 42, not entering the oversold zone, indicating still some room for decline. I will continue to maintain a pattern of first going down and then up, primarily keeping high volatility and low fluctuations during the day. (Defense is crucial)

For a pullback near the 116,800-117,300 range, the target for fluctuations is around the 118,800-118,600 range, with a pullback target near the 4,430-4,460 range looking towards the 4,510-4,540 range.