Currently, the market shows that after the price rebounds to the middle track, it encounters resistance. The upper track at 100694.50 constitutes strong pressure, and the overall channel pattern has not broken away from the previous downward convergence.
Although the MACD indicator has a rebound signal, the green bars are shortening at a slower pace, and the upward momentum after the golden cross of DIF and DEA is insufficient, reflecting the exhaustion of bullish strength. The small K-line has continuously produced small bearish and bullish candles, lacking sustained bullish candlesticks, with a stalemate between bulls and bears, and the inertia of the previous downward trend still exists.
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