The early session dipped into the 90,000 area and recovered upward. Although the performance during this phase has not been strong, there is still a clear demand for recovery.
From the current technical structure, the hourly level has turned from three consecutive upward candles to a downward one. Although bulls have a demand for recovery, there is no strong recovery momentum. Accompanied by yesterday's and today's pin bars, further adjustments are needed above. I still do not favor a one-sided view for the day, nor do I expect weak recovery or strong recovery; rather, the focus should remain on a contraction adjustment.
In terms of upcoming strategies, we will still maintain a low position and take long positions sparingly.
In terms of operations, I personally suggest buying at 97,200 and looking at 98,800-99,500.
