6.22 Monday morning — the latest thoughts: the pullback lacks strength; within the day first, a “pop”

As the weekend ends and a new week comes around again, wishing everyone good luck. During the weekend, it still passed as usual within a range. With a slow pace, volatility was limited. Yesterday, the big 🫓 kept trading in a narrow range around 640 until the early morning, when it shifted toward 🈳頭. Currently, after falling back to the 632 area, it again finds support and rebounds; the strength of the short-term pullback is limited.

On the four-hour chart, the short-term Bollinger bands are flat and trending forward. After high-level oscillation and consolidation on a smaller timeframe, it first moved down with a large bearish drop and broke below the middle band, but the move wasn’t extended. Along with a bullish counterattack, it is currently trading around the middle band. Judging from the lows, the earlier 631 support remains effective, and the overall low support has been lifted. As long as there is no effective breakdown of the key support, I’m looking first for a rebound within the day.

Morning reference: 635; “pop” around 631; looking up toward the 650–660 area.