Day72 Market Analysis
The market has once again fallen below the psychological barrier of 2000, with the price focus retreating. Today, it is expected to oscillate within the narrow range of 1977 ~ 1948.
Due to the current operating range overlapping significantly with the previous days, it indicates that both bulls and bears are stuck in a stalemate here. Faced with this narrow range consolidation, it is recommended to patiently wait for a substantial breakout above or below the range before positioning accordingly.
🔴 Bullish Rebound Plan
If the upper edge of the range at 1977 is effectively broken upwards, the bulls will launch a counterattack again,
with rebound targets to watch: 1993 / 2008 / 2034.
(Note that the integer level of 2000 will switch from support to resistance and will be tested as resistance)
🟢 Bearish Continuation Risk
If it falls below the lower edge of the range at 1948, it means the bears gain short-term advantage, and the market will further probe downwards,
with pullback targets to watch: 1922 / 1891 / 1861.
The market has once again fallen below the psychological barrier of 2000, with the price focus retreating. Today, it is expected to oscillate within the narrow range of 1977 ~ 1948.
Due to the current operating range overlapping significantly with the previous days, it indicates that both bulls and bears are stuck in a stalemate here. Faced with this narrow range consolidation, it is recommended to patiently wait for a substantial breakout above or below the range before positioning accordingly.
🔴 Bullish Rebound Plan
If the upper edge of the range at 1977 is effectively broken upwards, the bulls will launch a counterattack again,
with rebound targets to watch: 1993 / 2008 / 2034.
(Note that the integer level of 2000 will switch from support to resistance and will be tested as resistance)
🟢 Bearish Continuation Risk
If it falls below the lower edge of the range at 1948, it means the bears gain short-term advantage, and the market will further probe downwards,
with pullback targets to watch: 1922 / 1891 / 1861.