The market was relatively calm over the weekend, and I believe everyone has had a good rest.
Today is Xiaoman, Xiaoman is better than everything! Are you ready?
From the weekly K-line, since the previous high of 73700, the market has been in a pressure test and fall stage, but it has always been running above the middle track. At present, the weekly K-line has turned from negative to positive, showing signs of bottoming out. The previous lower support level of 56500 has been raised to the 60000 line as the price rises. As a strong support, the overall trend shows the possibility of continued rise.
From the daily level, the overall structure is a continuous positive rise. The price has fallen after touching the 67500 line, but the fallback is weak and no obvious falling space has been formed. The current market is in a high-level consolidation and repair stage, and the overall structure is still bullish. Therefore, if there is no major news impact, it is not easy for the bears to counterattack strongly. I still tend to believe that the market will break through the new high.
This week, we need to focus on the upper 68000 and 70000 resistance levels. If these two lines of defense are broken, then the historical high may be refreshed. We need to pay attention to the support of 63000 below. If the market continues to fall, we need to be prepared for timely adjustments.
