8.15 Friday Morning Thoughts
From the current market perspective, although there has been a slight rebound in prices, the rebound strength is weak, and it has not formed a sustained upward trend. Overall, the market remains within a downward fluctuation trend framework, and the price has returned to around the 118500 point for consolidation.
In the future market, key attention should be paid to the pressure situation at the 119000-120000 point range. This range is both the lower boundary of the previous fluctuations and an important dividing line for the short-term tug-of-war between bulls and bears. If the subsequent rebound fails to break through the pressure of this range, the market is likely to continue its current weak oscillation pattern; only when the price effectively stabilizes above 120000 points can it break the existing weak balance and gradually warm up market bullish sentiment.
Short near 119000, look at around 116000
