Key Long and Short Points: The core resistance level above is around 116200 (where the 38.2% Fibonacci retracement level resonates with multiple EMA lines); the initial support below is at 114500, with more critical supports at 113000 and 111700.
Current Market Logic: Powell's dovish remarks drive a short-term rebound, but the pressure from tightening liquidity and technical resistance still constrains price upward movement, and the trend has not yet clearly broken through.
Operational Strategy Suggestions
Aggressive: One can attempt to go long in the 114500-115000 range, relying on the support below for positioning.
Conservative: It is recommended to wait for a clear signal—either an effective breakout above the 116200 resistance or a pullback to the 113000/111700 critical support levels to stabilize before taking action.
