Tonight, the bulls are actively taking positions and pushing forward

Order concentration area:

Most sell orders are concentrated in the range of 111,000 ~ 112,000, where there is strong resistance.

Most buy orders are concentrated in the range of 109,000 ~ 110,000, with shallow support.

The heavy sell orders indicate that there are many chips waiting to be sold in the current market, and the main force is not in a hurry to push prices up.

Although the bulls are continuously taking positions, there are not many pending orders, which means that the main force is more likely to be buying with market orders rather than passively defending with pending orders.

Trading Suggestions

Consider going short:

The current pending order structure supports a short-selling strategy on rallies, with an ideal entry zone in the range of 111,500 ~ 112,000, where selling pressure is most concentrated.

Setting a stop loss above 112,800 is safer.