Yesterday's market first suppressed and then surged, reaching a strong rebound after hitting the 110,000 mark, peaking at around 113,500—this position happens to be the key level for the previous top and bottom conversion. Subsequently, the market entered a phase of consolidation.

From the 4-hour chart observation, the market repeatedly encountered resistance at the 113,500 level and fell back, but compared to yesterday's extremely weak performance, it has clearly warmed up, indicating that bullish momentum is still being released. Based on the chart, the current market is still within a triangular consolidation range, and the MACD indicator continues to show an upward diffusion trend. Therefore, it is judged that the bulls are very likely to initiate another round of upward movement, and only then might a drop below the strong support at 110,000 occur.

Based on this, the intraday operation suggestion should mainly focus on a consolidation approach: on the downside, within the range of 111,000-111,500, one can consider placing long positions, with the upper target initially set at 113,500. If it breaks through, further targets may be set at 114,700. It is recommended to take profits in batches to control risks when the target is first reached. #鲍威尔发言