Yesterday's intraday market prediction slightly deviated, with the morning showing a downward trend, and the afternoon reversing to an upward trend. After opening, U.S. stocks briefly dipped, then quickly surged, ultimately closing with a positive daily candle.
Currently, the market continues to be strong, but price volatility has significantly increased, maintaining a high-level oscillation pattern overall. With only two days left until the end of the month, the expiration of a large number of options at the month's end increases repositioning pressure, which may further amplify price volatility.
It is worth noting that the Dubai Token2049 summit is approaching from the end of this month to the beginning of next month, drawing investor attention to the saying that "markets always fall during conferences."
On the technical side, the daily MA30 moving average has turned upward, but the current price deviates significantly from the MA30 moving average, indicating a need for a pullback;
The MACD indicator continues to strengthen above the zero axis, but if an effective breakthrough cannot be achieved in the short term, caution is needed for a potential pullback risk. The MA120 moving average serves as an important support level, located at the $91,680 mark.
If the price successfully breaks through the $96,180 resistance level, it is expected to further challenge $99,000, followed by oscillation in the $99,000-$96,180 range.
The weekly trend is upward, indicating that a pullback may be a good entry opportunity.
The key daily resistance levels are $96,188, $99,700, and $102,044, while the support levels are $91,650, $88,950, $86,120, and $82,880.
