Technical Analysis

From the 1-hour chart, the current market is in a state of consolidation and upward movement. Once it stabilizes above the middle line of the hourly chart, it will continue to surge upward. The Bollinger Bands are opening downward, and the current market is in a bearish market below the middle line, experiencing a downward fluctuation. The MA moving averages show a shift from bullish to bearish arrangement, with three short-term moving averages having crossed below the MA60 mid-term moving average. However, the MA5 has turned upward to cross above the MA10, forming a golden cross, indicating that the market will have a rebound. If the rebound does not stabilize above the pressure point corresponding to MA120 at the price of 4507, it will decline again. The MACD indicator is currently in a bearish market below the 0 axis, but the fast line has crossed above the slow line, forming a golden cross and moving upward, indicating that the market will have a rebound. The RSI indicator is in a normal trading phase, with the buying line crossing above the selling line to form a golden cross and moving upward. Additionally, in the 4-hour chart, both lines are in the oversold area, indicating that the market will have a rebound.

Upper Resistance: 4510, 4535, 4580, 4610, 4670

Lower Support: 4430, 4400, 4360, 4330

Low Long Strategy: Initial position in the range of 4450--4430, add position at 4330, stop-loss at 4300

First Take Profit: 4510

Second Take Profit: 4610

During the weekend, there is little capital inflow, and the market fluctuation is not large, with limited profit space, so just securing profits is sufficient.