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Evening Double Bottom Strategy
From the hourly cycle perspective, the double bottom price has broken above the short-term downtrend line, but has not stabilized above the key support level of 2302, which means the market can only halt its decline and stabilize temporarily, unable to initiate a rebound; only when volume increases and it stabilizes above 2302 will a rebound space open up, aiming for 2345-2390.
Conversely, if the weakness continues and it breaks below the early session low and the support zone of 2257, the market will further decline towards around 2218.
Currently, as long as the range-bound oscillation is maintained and the early session low and 2257 support are not broken, the hourly bullish structure remains intact, still offering a rebound opportunity. The short-term decline from 2400 to 2260 has been sufficient, and in the absence of major negative news, the technical aspect also shows a need for a corrective rebound.
Trading Suggestions:
• Break above 2292 with volume, go long on the right side, strictly monitor volume, and set good stop-losses;
• Break below 2277 with volume, go short on the right side, and implement risk control.
• If the hourly chart stabilizes above 2292, target 2336-2379; if it fails to break above this level, the rebound will be limited.
• On the 4-hour chart, if it breaks below 2266, the lower target is 2228-2177.