On the morning of February 12, analysis of thoughts
Last night, after a rebound reached around 86800, there were multiple instances of pullback actions. The market tested downwards again, with the lowest point reaching around 83800. Although there has been a slight rebound in the current market, the strength is weak, and overall it is still fluctuating around 87000.
From the current market perspective, the bullish momentum is obviously insufficient, and the repair of the market lacks continuity. The daily line has once again fallen back with consecutive bearish candles, and the overall trend has always been constrained by the middle track. After reaching the pressure level during the upward attack, it quickly fell back, failing to form an effective breakthrough. The downward trend with increased volume yesterday further confirms the continuation of the correction trend. In summary, the core idea for future market layout is still to focus on shorting on rebounds.
Operational suggestion: Short around 86900-87400, with targets looking down at 85500-84500. If it breaks down, continue to look down at 82000
