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Song Xiqing: 66.3k is just an illusion, Kongtou hasn't made a move yet
Brothers, good evening.
15-minute level:
A short-term rebound to 66.3k, looks fierce, but the J value has already risen to 104, entering the overbought zone. The candlestick starts to show upper shadows, and the volume hasn't kept up—can't push higher.
4-hour level:
Overall still in a downward channel, this rebound just hits the upper boundary of the channel around 66.3k. Although the MACD is a golden cross, both DIF and DEA are below the zero line, indicating a corrective rebound within a bearish trend, not a reversal.
The idea remains unchanged: a rebound is an opportunity, not a signal to chase.
Evening operation:
Kong around 66.8k-67.2k, with the target first at 65.5k-64.8k. No chasing, be patient and wait.
Reminder:
The above analysis is Song Xiqing's personal opinion, for reference only, and does not constitute any investment advice!
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