1.8 Tuesday Morning Follow-up Thoughts

Looking back at yesterday's market conditions, the price comparison trend opened with a high-level plunge, and the current market situation has seen some recovery upwards. Although there hasn't been a significant rebound, it aligns with our expected turnaround effect. From a technical structure perspective, the price comparison trend has returned to the previous box structure's lower edge around 96500. Moving forward, we should closely monitor whether the 96000 level can successfully establish an effective support line. It is important to note that since the current market has reached the lower edge of the box, one should avoid blind operations and instead observe the market before making decisions. Currently, the overall market shows a daily level of seven consecutive bullish candles facing pressure, leading to a major bearish adjustment that has touched the middle track support and halted. The current middle track on the daily chart serves as a boundary for bulls; as long as this position holds, we can still look for bullish rebounds within smaller cycles. The 4-hour chart also shows a continuation of downward movement after a significant bearish pullback. The price comparison is currently running near 96500. Although the weakness is quite evident, the price comparison is already at a low level, so pursuing shorts now seems a bit reckless. For the future market, we should first observe the support at 96000/96500 and choose to enter accordingly. Avoid blind entries above, and manage stop losses carefully. If the 96000 level breaks, there is a high probability it will continue down to the support around 94500/93000.