Happy Saturday, after approaching the historical 73660, the large pancake has been continuously retreating, and each rebound high point keeps declining. The performance of the market has not been strong enough, and various favorable and unfavorable factors continue to emerge. The market trend is almost dominated by market sentiment (elections, ETF capital inflow, expansion of war risks, Federal Reserve interest rate cuts, etc.), so in operations, do not blindly follow the rise and fall actions, make rational judgments, and patiently wait for opportunities.
On the daily chart, the candlesticks are continuously closing in the negative, and the Bollinger Bands are converging. After continuously testing the support of 68800 in the early morning, the rebound has been suppressed by the middle track of the hourly chart, which shows how weak the market has been recently. However, today, the weekend is likely to be sideways and fluctuating, with no significant breakthroughs. Operate within the range around the support of 68800 and the morning high of around 70000 by high selling and low buying to catch short-term trades.
Suggestion 1: 69800-70000 range, watch 500-600 fluctuations.
Suggestion 2: 69000-69200 range, watch 500-600 fluctuations.
The daily strategy is mainly focused on short-term trades, with medium to long-term focusing on stone plate trends. Please ensure proper risk control based on these references.
