Analysis for the 8.20 Day

Major upward movement is hindered at the critical position of 116,000↓, the strength of the bulls is starting to drop significantly↓. So far, it has already fallen below the support at 113,000, touching near the line of 112,600 at lower levels. If it breaks down again, the support will move down to previous lows. The trend shows slow rises and fast falls, but there is also a sign of weakness due to insufficient bullish supply. Please adjust flexibly according to market trends.

From a technical perspective, the overall situation belongs to high-level fluctuations,

The MACD histogram continues to show negative values, remaining below the zero line, indicating that the overall state is still weak, but bullish momentum has slowed down. The RSI value hovers around 30, nearing the oversold zone, which may indicate a technical rebound demand, but it has not yet entered a trending market. Given this point, maintain a focus on high resistance and low support for the day. (Defense is crucial)

Pull back near the line of 112,400—112,900 to go bullish

Target looks at the area around 113,600—114,100

Pull back near the line of 4,040—4,060 to go bullish

Target looks at the area around 4,160—4,140