Yesterday, a short position was opened at the current price of 98700, which has reached the target as expected. Those who have been following Lao Luo recently should also be clear that the market has been operating within a range. On one hand, most traders have not returned to work during Christmas week, and on the other hand, the main force is unlikely to blindly break out at this point in time.

Currently, the market has been consolidating around 96000 for a day on the four-hour chart. There is also a certain degree of fragmentation in the market at this stage, but the overall trend has not changed. Short-term sentiment is slightly weak, and strategies for both long and short positions are available until the wider range is broken. Avoid being greedy for the last bit. The upper resistance levels are 97700, 98500, and the lower support levels are 95000, 94300. The strategy is to maintain a good long position at low levels.

Go long at 95300, add to long position at 94900, defend at 94500, with a target of 97000-97700.