Afternoon Market Brief



The afternoon session saw a slight uptick testing the upper resistance zone. After several consecutive days of mild upward movement, the short-term bullish momentum has significantly weakened. Following the uptick, the pace of the rally slowed, with technical indicators showing high-level exhaustion and accumulating sell pressure at the resistance level. The market has accumulated a considerable amount of short-term profit-taking positions, while the enthusiasm for chasing long positions from outside funds has waned. Bearish forces are gradually emerging, leaving room for a pullback and consolidation in the short-term market.

Trading Reference

Enter short orders in the 61000-61500 range
Take profit target: 58000-58500
Afternoon Market Brief

The afternoon session saw a slight uptick testing the upper resistance zone. After several consecutive days of mild upward movement, the short-term bullish momentum has significantly weakened. Following the uptick, the pace of the rally slowed, with technical indicators showing high-level exhaustion and accumulating sell pressure at the resistance level. The market has accumulated a considerable amount of short-term profit-taking positions, while the enthusiasm for chasing long positions from outside funds has waned. Bearish forces are gradually emerging, leaving room for a pullback and consolidation in the short-term market.

Trading Reference

Enter short orders in the 61000-61500 range
Take profit target: 58000-58500
Afternoon Market Brief

The afternoon session saw a slight uptick testing the upper resistance zone. After several consecutive days of mild upward movement, the short-term bullish momentum has significantly weakened. Following the uptick, the pace of the rally slowed, with technical indicators showing high-level exhaustion and accumulating sell pressure at the resistance level. The market has accumulated a considerable amount of short-term profit-taking positions, while the enthusiasm for chasing long positions from outside funds has waned. Bearish forces are gradually emerging, leaving room for a pullback and consolidation in the short-term market.

Trading Reference

Enter short orders in the 61000-61500 range
Take profit target: 58000-58500
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