The white market in the past two days has been stagnant, with no significant movements until the U.S. stock market opened, where directions started to be chosen. Currently, there is still a significant divergence between bulls and bears. The market surged two days ago, dropped sharply yesterday, reverting back to its original state, but U is gone, which should reflect the situation of most people.
Currently, the four-hour chart has once again fallen below the moving averages, and short-term operations are leaning bearish. However, from a medium to long-term perspective, the bullish structure remains intact. There has been a noticeable increase in trading volume in the past two days, especially during the U.S. stock market opening period. The recent white market has not shown a clear bullish or bearish direction. The U.S. stock market will provide clear directional guidance during intraday trading. In terms of operations, remember to clear positions before the U.S. market opens to avoid risks. During the U.S. market, you can use small defensive positions to seek larger profits, or you can chase positions in line with the trend. Intraday resistance is at 97600 and 98500, with support at 95400 and 94700. Keep the idea of shorting near the resistance levels.
Short at 97600, add to the short position at 98300, with a stop loss at 98600 and a target of 95400-94700.