Evening Market Outlook

First look at the four-hour chart, after the previous wave pulled from around 70,400 up to near 73,100, the market did not continue to surge with increased volume, but instead repeatedly closed with small-bodied candles at high levels, indicating that selling pressure above has already emerged. Currently, the price still remains above 70,800, and the overall major structure has not broken down, but the upward momentum has clearly slowed, and the market has shifted from a one-sided rally to sideways consolidation at high levels. The four-hour chart is currently in a recovery phase after a strong move; as long as the key support below is not broken, the bullish structure remains intact.
Looking at the one-hour chart, the short-term momentum is much weaker. The price has started to fall back from around 72,350, with several consecutive bearish candles suppressing the rhythm, and the lowest point temporarily stopped near 71,380. Although there is a small rebound with some bullish candles afterward, the rebound strength is limited, indicating that short-term funds are more cautious. The current one-hour pattern resembles a weak rebound after a decline, not a sign of a renewed strong upward move.
In other words, the four-hour chart shows high-level consolidation, and the one-hour chart shows a pullback and recovery, so the current market is more inclined to oscillate and remain weak, and it’s not yet time to chase the breakout.
Trading Suggestions:
Buy near 72,500 with a target around 71,000
Sell near 2,220 with a target around 2,150