The market saw a decline last night, breaking through the key support level of 118000. The overall market structure is weak. From the current situation, a slight rebound is expected in the short term, with the rebound peak anticipated to be between 118500 and 119500.
From a technical perspective, there is a head and shoulders top pattern, and the MACD moving averages are all below the zero line, indicating a bearish market. The short-term bearish sentiment is strong, and prices may continue to decline or maintain a low-level oscillation. Opportunities to short should be sought.
Operational suggestion: Participate in shorting around the rebound to 118500-119000, with a stop loss at 120500 and a target of 116000-115000.
The above content represents personal views and is for reference only.
