5.23 Market Analysis 🚀🚀
The volatility is becoming smaller and smaller, with the strength of bulls and bears being almost equal, neither side can overpower the other. It is difficult to form a one-sided trend in the short term. However, the recent central position of the oscillation is gradually moving upward, and the extent of the pullback is not large. Following this trend, after the consolidation ends, it is highly likely that it will continue to oscillate with a bullish bias.
In terms of operation, I suggest that everyone focus on short-term strategies, prioritizing capturing swing opportunities within the range. Once the market direction becomes clear, then make trend-based layouts. From the current trend, the overall structure is to first explore the bottom to confirm support, and then rebound. This is not much different from before, as the high and low points of the range have still not been broken, so it remains in a state of oscillation accumulation, preparing for next week's market.
Currently, the market is in a contraction and consolidation phase, and the momentum for a one-sided rise or fall is clearly lacking in the short term. After all, the recent fluctuations have not been insignificant, and it is a temporary pause. Once the oscillation ends, it is highly likely that the bulls will have the advantage.
In the short cycle, the space for price activity below is not large, and the strength and extent of the pullback are relatively weak. There is not much change in the trend. However, what worries people the most about this type of trend is a sudden change after the oscillation.
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