At midnight, the exchange rate fluctuated downward, and rebounded quickly in the morning. This is a good indication that a short-term support below still exists and is solid. The short-term break is just a false break. The exchange rate has not been able to reach a new high with the help of news stimulation. Therefore, it can be seen that the exchange rate needs to consolidate and accumulate momentum to set a new high again in the short term.

From the current market, the exchange rate has failed to break upward on the 4-hour line, and the trend of maintaining a high position for a long time has been suppressed again. The shape still shows a flag-shaped convergence, and the upward space has not been fully opened. Although the exchange rate has risen during the day, the pressure on the upper 60,000 mark is still relatively large. The current market rhythm has slowed down, and the continuation strength of both long and short sides is insufficient. In addition, the daily chart shows that the exchange rate has not rebounded to the opening price of 58,000, indicating that the chip concentration area is around 58,600. At present, we should not be too optimistic about the bullish view. The rebound of the bulls has not been effectively broken through, which makes the efforts of the bulls seem futile. It is still an unfavorable situation for the bulls. The structural resistance above is strong. It is recommended to maintain the rebound short during the day.

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