From a technical perspective, the daily level has broken below the lower Bollinger Band, with bears holding absolute dominance. Although oversold conditions may trigger a technical rebound, under the strong pressure from bears, the trend is likely to continue downward.
In the short term, the moving averages are significantly sloping downwards, highlighting robust downward momentum and strong momentum. In terms of operations, focus on high shorts.
The range of 1620-1640 is key, with a target of 1550-1500.
