The price shows a mild rebound after a period of oscillation and adjustment. Specifically, it has slightly risen compared to the price level at 16:00 on September 7, and has slightly retreated from the short-term peak at 20:00 on the same day, but has shown a significant rebound compared to the phase low at 16:00 on September 6. The K-line pattern shows characteristics of a small bullish column, with the closing price slightly higher than the opening price, indicating a mild strengthening of short-term bullish forces.
In terms of trading volume, there has been a significant expansion trend in the past 4 hours, with the transaction scale noticeably increasing compared to the previous few hours. It is worth noting that the price increase is accompanied by a synchronous growth in trading volume, indicating an increase in market trading activity, with buying funds driving the price rise showing relatively strong momentum, and short-term market sentiment leaning towards positivity.
In terms of technical indicators, the MACD indicator shows that the current market is in a turbulent phase without a clear one-sided trend, with the histogram continuously maintaining positive values but showing a gradual shortening trend, indicating that although the bullish strength still occupies an advantage, there are signs of weakening momentum. The current value of the KDJ indicator is 75, in a neutral to strong range, without forming a golden cross or death cross signal, further confirming that the market is in a turbulent pattern. In addition, the current market shows a divergence between volume and price, and it is necessary to be vigilant about the potential reversal risk of the short-term trend.
Ming Ge, combining technical analysis, points out that potential short-term buying points can be focused near the support levels of 4255.48 and 4231.0; it is recommended to set the stop-loss for long positions at 4234.2 to control downside risk. The selling target can refer to the recent high of 4480.03 and the resistance level of 4390.0; the stop-loss for short positions is recommended to be set at 4502.43.
From the key points, the recent highest point in the 4-hour cycle is 4480.03, and the lowest point is 4255.48; the recent key support level is 4231.0, and the resistance level is at 4390.0. Price fluctuations mainly revolve around this range, and in the short term, it is crucial to focus on the breakout situation of support and resistance levels.
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