The daily line is a long bearish candlestick with short upper and lower shadows, and an amplitude exceeding 10%. The trading volume is one-third more than the previous day, which is a normal downward pullback trend.
The daily MA30 line maintains an upward trend, with MACD showing a weakening upward momentum as the fast and slow lines cross below the zero axis.
The daily level adjustment will continue, and there will be repeated fluctuations here. It was also specifically reminded yesterday to be cautious of a sudden appearance of a large bearish candlestick on the daily level.
The daily line will not crash; it is all part of a normal fluctuation adjustment trend, until the price gets closer to the daily MA30 line. After a proper adjustment, it will continue to surge.
Daily level resistance levels are 247-270-283-300-315, and support levels are 221.5-204.5-195.2.
From the hourly level perspective, it is currently moving in a rebound on the daily line, returning to the 8-hour EMA52 trend, and there will be a wave of rebound upward at the hourly level.
In the short term, a long position can be taken at 229.9 and a short position at 244.
From the three-day liquidation heat map perspective,
The price is moving upward, with some large short orders waiting for liquidation in the 241.6-245 area and the 247.8-253.4 area. There are a large number of large and extra-large short orders waiting for liquidation in the 257.2-269.2 area.
The price is moving downward, with a small number of long orders waiting for liquidation near 231.
