11.13 Afternoon Analysis of the Secondary Market

Current price 3538, after reaching the stage low of 3370 on the daily chart, there was a rebound, but it did not break free from the medium-term downward trend framework. The upper pressure zone at 3734 is significant, and the follow-up volume after the rebound is weak, with upward momentum continuously diminishing, making it difficult to form an effective breakthrough.

4-hour level observation: After the rebound peaked at 3587, the pace has obviously slowed down, and the MACD dual lines are still running below the zero axis. The short-term rebound is more inclined towards weak repair within the downward trend, rather than a trend reversal signal, with limited rebound space.

Operational strategy: It is recommended to set up short positions in the 3580-3630 range, targeting 3500 and 3480, and to pay attention to position control, strictly adhering to risk control discipline.