5.23 Morning Analysis:
The midnight big pie bulls once again exerted strength to break new highs, reaching around the 111900 level, and then oscillated down to around the 110700 level.
The four-hour MACD red bars are shortening, indicating a weakening of bullish momentum, RSI is near overbought but not extreme, the short-term direction is unclear, but the overall outlook remains bearish, cautious in pursuing long positions.
Operation suggestion: Short near 111700-112200, target 110000-108000.
