11.23 Afternoon Analysis
The big pie rebounded yesterday but has not yet broken through the 100,000 point mark, pulling back to around 97,200, the strength was not significant. During the night, it surged again breaking through to a new high around 99,660, just a step away from 100,000;
100,000 is a round number, a psychological pressure point. Once it breaks through, it will quickly rally by two to three thousand points. Before breaking through, the bulls need to gather strength.
From a technical perspective, the daily and higher levels still show a strong bullish trend, but currently, the 4-hour chart has a risk of a top divergence, so special attention is needed on the strength of this pullback. In the short term, pay attention to the support level.
Short-term support level: 97,500-97,000
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