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The current price has stabilized above the short-term EMA7 moving average, indicating a short-term stabilization after a decline, but the EMA25 and EMA99 above continue to face resistance. Overall, the market remains weak and oscillating, with no signs of a reversal or strength.
The key resistance is around 80,630. Only after breaking above this level can there be a slight rebound space, targeting near 80,850;
The support focus is at 80,400. If it breaks below, the market will continue to retest the low of 80,200.
Tonight's trading should mainly follow a range-bound approach, avoiding chasing highs or selling lows prematurely. Follow the trend after breaking through resistance or support, with light positions during the oscillation phase.
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