Market Review: Yesterday from 1 PM to 2 AM, I watched the market all day, with a volatility of no more than 1%. The short-term buying point appeared at 7 PM, with a clear direction but a long consolidation period lasting 8 hours. I stayed up for 3 consecutive nights, finished trading at midnight yesterday, and went to sleep at 2 AM, waking up to see it had risen to the previously mentioned pressure level of 3425.
From the daily chart, it is still a reduction at the underwater bottom, about to form a golden cross, and currently, the price of 3417 is higher than the daily closing price of the previous week. The KDL3 line crosses and diverges upwards, marking the initial stage of the first cross divergence after the drop from 4109 points. RSI is at 46.7, nearing the middle channel, showing an inclined upward trend.
On the 4-hour MACD, it is on the second 4-hour K above the water, with the KDJ indicator's three lines closing upwards, and the RSI and PTV trend looking good. In fact, everyone is more concerned about the hourly K-line level. On the hourly chart, the price is close to the repeatedly emphasized short-term pressure level of 3425. If it breaks above 3425 effectively, we will look at the 3450 level. The short-term price retracement support is at 3400, with strong support at 3360. This strategy has been in place since the 27th, with a box range trading strategy of high short and low long.
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Trading Strategy: Currently, there is a 3% increase during the day, and I do not recommend chasing the price at this level. Wait for a retracement opportunity for short positions. The strategy within the box is to trade high short and low long, looking bearish in the 3450-3425 range, with support below at 3400 and 3360. If it breaks the box, look bullish at 3480 and 3500.
