20240612 Market Analysis:

Yesterday, the market fell sharply in a single day, and the lowest fell to 66000. The market rebounded in the evening, and the pullback was also the standard golden section 38.2. As mentioned earlier, the 68000 line is the dividing point between long and short in the short-term market. The long idea above 68000 remains unchanged. If it falls below, it will be bearish. The focus is on whether it can be pulled back to above 68000 this week. If not, the medium and long-term long positions should not be considered in the short term.

From the perspective of the intraday small level, the market yesterday from 5 minutes to 4h was a relatively rough unilateral decline, especially the 4h market had a wave of four consecutive negatives. Last night's rebound was also an inevitable event. If you don't understand, you can observe the bottom divergence of the 30-minute level yesterday, and the golden section 38.2 position. Since the market has fallen so much, it means that the Bollinger bands at all levels are open. At the same time, the large level, whether 12h or daily level, has a relatively obvious gap. So the market in the past two days mainly depends on the shock repair indicator and pullback. It is recommended that divergence patterns should not be missed.

The upper pressure is 68500 68000, and the lower support is 65800 63000