4.29 Morning Analysis

Recently showing characteristics of high-level consolidation, the price fluctuation range is gradually narrowing. The spindle shape frequently appearing in the candlestick chart is particularly notable, with shadow lengths generally exceeding the body part. This special shape reflects that the tug-of-war between bulls and bears has entered a heated stage. Observing from the daily cycle, there is a continuous occurrence of alternating bullish and bearish candlestick patterns. On the technical indicator level, although the moving averages still maintain a bullish arrangement, the MACD indicator has shown subtle changes: the dual lines are above the zero axis, but the red bars continue to shorten, and the distance between the fast and slow lines is gradually converging. The momentum indicator RSI is repeatedly entangled around 60. This technical combination often indicates that the momentum of the original trend is weakening, and caution is warranted for potential directional breakouts. It is worth noting that the current price has not effectively broken through the previous high resistance level, while the support below during pullbacks also shows strong resilience. This dynamic balance may be brewing a new trend signal.

Operation suggestion: Short near 95500—95000, target around 94000—93000.

Second contract: Short near 1830—1800, target around 1730.