The morning market has risen as expected, quickly falling back after returning to 95,000 at noon, with no signs of stabilization. We have also positioned ourselves for a short in the downward adjustment. After Auntie's rise above 1810, there was also a pullback, with not much volatility. Overall, the market is relatively dull, but it is quite easy to find entry points for positioning.
In terms of overall structure, it is still in a process of top-bottom conversion. This week, the failure to stabilize around the 95,000 level may lead to increased downward pressure, which will put more strain on the support levels below.
On the four-hour chart, the bag mouth has been continuously narrowing since the beginning of the week. In the past two days, there have been attempts to break the upper track, but not many, and the time spent above it has also been short. Currently, the price oscillates around the middle and upper tracks, with further reduced volatility, making it difficult to have effective continuation in either direction.
On the hourly chart, the price mainly oscillates around the middle track, with bulls and bears alternating dominance over a certain period, but there hasn't been effective breakthroughs at strong positions up and down. In terms of technical indicators, they are currently pointing downwards, and there is still room for a pullback in the short term, with a view towards the 94,000 level.
In the afternoon, continue to reference the 95,000-94,000 range for short-term high sell-low buy strategies, while Auntie can consider high sell-low buy strategies within the 1810-1785 range; after breaking the level, some continuation can be seen, but holding long positions is not recommended.
