Short-term trend strengthens, bulls regain initiative. After a rapid rebound from around 106,700 in the early morning, a clear bottom support structure has formed, indicating strong buying strength above the key psychological level of 106,000. The 108,000 level has been re-established, and if it further breaks through the short-term resistance at 109,200, there is hope for an upward test of the 110,500-111,800 range.
Technical indicators are recovering, and rebound momentum is increasing. The 4-hour RSI has exited the oversold zone, the MACD green bars have emerged, and the fast and slow lines are narrowing, indicating a significant decrease in downward momentum. If the price can hold above 108,800, the KDJ is expected to form a golden cross, further confirming the short-term bullish trend. The current rebound has accumulated an increase of 800 points, and if the volume continues to support, it is likely to extend upward.
In terms of operation, it is recommended to hold long positions and wait for a rise, paying attention to key breakthroughs. Low-level long positions can continue to be held, and the stop loss can be moved up to 107,200 to protect profits. If it retraces to the 107,500-107,800 range, it can be seen as an opportunity to add positions, targeting 109,500 and 110,800. Close attention should be paid to the breakthrough situation near 109,200; if it breaks through with increased volume, the bulls will occupy a more favorable position.
