5.1 Morning Analysis

Friends, happy holidays ☀️

From the 1-hour candlestick chart, the second rally is currently in a wide-range consolidation and correction phase. After rising to 2277.92 intraday, it faced resistance and pulled back. The current price is 2255.60, with fierce battle between bulls and bears.

On the news front, macro liquidity expectations dominate the market, and fluctuations related to U.S. policy expectations influence market sentiment. Short-term positive and negative factors are intertwined, and market sentiment is cautious, limiting a one-sided trend.

Technically, the KDJ indicator shows K at 43.31, D at 48.88, and J at 32.16. The three lines are in the mid-to-low range, with J turning downward, indicating a short-term pullback. Strong resistance is formed near 2278 above, and 2240 below is a key support level. The price repeatedly tests within this range.

Overall, the current bullish and bearish forces are relatively balanced, with no clear direction in the short term. It is recommended to adopt a range-bound trading approach, trading around support and resistance levels, focusing on breaking support levels, and waiting for signals to choose a direction based on news developments. Manage positions carefully to avoid volatility risks.

Trading suggestion: Short at 2280-2310, target 2200-2100.