Thursday: The market has fallen as expected during the day, undergoing adjustments between day and night. Will this affect the continuation of the weak pullback?
Strange occurrences often have their reasons. Every time there is a standstill and sideways fluctuation, it leads to a reversal in market patterns. But can today's script be repeated?
In the afternoon, the market exhibited weak bearishness, plunging several thousand points under pressure at the 100,000 mark. Currently, the rhythm is maintained within the 95,000-96,000 range for adjustment and correction. There is some strength in the recovery above, but it is not strong enough to reach a reversal state. The recovery trend after the decline shows that bulls are struggling to regain their footing.
From a technical structure perspective, on the four-hour chart, a three consecutive bearish candles have turned bullish for recovery, but without a trend-driven rhythm. The pulling rhythm has already formed, maintaining a step-by-step pace with retracements. In the short term, there is a sideways adjustment after a decline, with continued bearishness facing resistance. Ongoing recovery is normal, but regaining higher levels has become increasingly difficult.
Regarding the midnight strategy, we can go long at lower levels and then short at higher levels:
In terms of operations, I personally suggest going long in the 95,300-95,800 range, targeting 96,800-97,300. If it doesn't break, then go short.