The market rebound has reached the pressure level, be careful
The price of the big cake fell from 58,000 to 49,000 in the morning of Monday. It has rebounded to above 56,000 and touched 57,000. It is almost at the beginning of the decline. The pressure at this time is very heavy and needs to be paid attention to. There is a high probability that it will bottom out again.
Back to today's analysis, from the K-line, the 1-hour level has entered an upward trend after a short-selling, an upward trend at the 4-hour level, and an upward trend at the 12-hour level. The daily level has not yet entered an upward trend (if the daily line closes positive today, then the daily line level will be an upward trend tomorrow). The intraday pressure level is 58,200 and the support level is 55,100.
