In the evening, the market generally maintains the same view as during the day. Don’t assume a reversal just because it was pulled back from 72,400. What we’re seeing now is a tug-of-war: a weak rebound after a drop. The current issue is that after the weak rebound, 74,200 has not been able to hold. After selling down from 78,000 to 72,400, there was indeed a rebound—but multiple attempts to push up to around 74,200 were pushed back down. This indicates that sell pressure is still present here.

Neither trading volume nor open interest has provided a volume-price confirmation. After the rebound reached around 74,300, the market has mostly been grinding between 73,000 and 74,200. The indicators convey the same message: the 4-hour track is pressing at 74,200. For the daily chart, I adjusted the resistance slightly tonight to 74,900. After all, there is some short-term repair, but it hasn’t yet transferred to the daily chart.

So don’t view the tug-of-war above 73,800 as too strong right now. 73,800 is the first short-term support. As long as that level remains, the market can continue to grind. But if 73,800 breaks, the weak rebound is likely to turn into a fresh attempt at 73,000, and then we’d look at 72,400 below.

Conversely, if 74,200 is reclaimed, only then does the short-term count as shifting toward recovery. If 74,900 is reclaimed, only then does the daily chart have the qualification to turn stronger. Beyond that, the next level is 76,400. At the moment, the market is stuck below a key line. It can’t be said to have completely gone bad, and it’s also too early to say it’s fully fixed. Interpreting this as a weak rebound tug-of-war is, in my view, more appropriate. #成长值抽奖赢金条