The battleground of the long and short positions of the big cake has switched to the 59000-61000 line
First, let's review yesterday's market. The big cake was hanging around the 59000 line for most of the day. The bulls launched an attack at night and took the 61000 high ground around midnight. The bears also ambushed here. At around 2 o'clock, they suddenly broke through 59000, and the two sides confronted each other near 59000.
Yesterday's situation was that the bulls were relatively strong. After all, the battlefield changed from 58000-60000 to 59000-61000. Although they were beaten by the air force at 61000, the bulls finally took 59000 and moved forward.
Back to today's market analysis: From the K-line, the 1-hour level stopped falling and is about to enter an upward trend. The 4-hour level can go up or down. I personally think there are more opportunities for rising. The 12-hour and daily levels are in a downward trend. The intraday pressure level is 62000, and the support level is 57000.
