Thursday Afternoon Market Analysis Suggestions

In the morning, the major index surged to around 101800 but then faced pressure, declining to around 100300. The morning suggestion was to look for a pullback, which also resulted in a profit of nearly a thousand points. Subsequently, a short position was taken to look for a rebound, closing at 998.

Based on the current 4-hour chart analysis, the price shows a certain upward trend, but it encounters significant resistance above. Meanwhile, the MACD indicator is showing a positive upward trend, while the KDJ indicator is gradually trending downward. Close attention should be paid to the pressure level around 102,000, which should be used as a key reference point for the short term. Observing the 1-hour chart, the trading volume appears somewhat hesitant during the upward movement, so attention should be focused on the support level near 99,600 below to assess its short-term stability and support strength.

Afternoon suggestion:

Major index around 99500-10000, target around 101300-101800 #BTC☀ #ETH🔥🔥🔥🔥