CPI stimulus boosted yesterday's market, breaking through 70,000 before falling back

Yesterday, stimulated by CPI data, the market recovered and rose during the day, and rose all the way to the 70,000 mark in the late trading. However, the Fed's public statement at midnight triggered a certain degree of decline.

From the current four-hour structure, affected by the upper and lower shadows, today's trend is expected to be relatively slow. In terms of technical structure, the MA moving average and the currency price are in a mess, and there is a high probability of a volatile upward trend.

The pattern did not disrupt the rhythm, and the bottom support of the box was confirmed near 66,000, indicating that the short trend is basically over and the bulls are accumulating momentum for adjustment. Although there is strong pressure near 72,000 above, there is still a need to test again in the trend. Therefore, in terms of operation, the bulls currently have a dominant advantage.

It is recommended to go long near 67,500, with a target of 69,800.