Today's technical analysis

1. Intraday trend characteristics

  • 4-hour chart

    • The current price is around 182.94, with a short-term trend of a secondary decline after a rebound. The K-line is under pressure from MA(7) and MA(30), presenting an overall bearish arrangement.

    • The lower point is at 175.20, forming preliminary support, and may test this area again in the short term.

    • MACD has not shown a clear turning point; the bearish momentum bars are weakening but have not disappeared, indicating limited rebound strength and continued dominance of bearish forces.

  • 1-hour chart

    • The price is operating near MA(7), and the K-line is gradually flattening, indicating a clear trend of short-term volatility repair.

    • MA(30) and MA(100) are in a bearish arrangement, indicating that there is still a downside risk in the medium term.

    • Yesterday's market failed to effectively break through the upper pressure at 200, and today may continue to decline.

Today's operation strategy

Based on technical analysis, it is recommended to focus on high short positions, with low long positions as a supplement, as follows:

Short position operation

  • Entry range: 184-186 (close to the MA(30) pressure level)

  • First take profit level: 178

  • Second take profit level: 175

  • Stop loss level: 188

Long position operation

  • Entry range: 175-176 (close to previous low support)

  • First take profit level: 182

  • Second take profit level: 185

  • Stop loss level: 173

Analysis logic

  1. Resistance level: From the perspective of multiple cycle moving averages, the area between 184-186 above is an important resistance level. The rebound yesterday failed to break through, and today is likely to continue to be under pressure.

  2. Support level: The vicinity of 175 is the 20-day low and has formed effective support multiple times recently. If it breaks down, it may test the 170-172 area.

  3. Volatility repair: The Bollinger Bands on the hourly chart are gradually narrowing, and in the short term may maintain a range of 176-185 with caution against false breakouts on high retracements.

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