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The current market continues to exhibit a fluctuating pattern, with Bull vs Bear Battle sentiment not showing significant relief. From a technical perspective, the four-hour MACD indicator indicates that the fluctuation range is gradually narrowing, with the red energy bars continuously shrinking, clearly indicating that upward momentum is gradually weakening and the strength of the upward movement is significantly reduced; switching to the hourly level, the market has formed a short-term "double top" pattern, which usually implies that the short-term bullish power has been exhausted, and momentum is significantly depleted, increasing the probability of a subsequent pullback. Considering the signals from multiple time frame indicators, the morning trading strategy suggests mainly establishing short positions at high levels.
Specific operational suggestions: Pay attention to the upper range of 115800, overall you can try to short around the two ranges of 115500-116000 and 113500-114150, looking down at 113300, 112500, 111800, 111000, 110000. If it breaks below the 110000 level, continue to look down at 109500, 108800, 108300, 107600, 106700, and try to reverse near the target below.
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