Technical Discussion:

Brothers, let me ask you—what do you think of yesterday’s analysis? In yesterday’s technical article, we mentioned support near 61,000. The market touched a low of 61,280 and rebounded. The resistance was given at 64,500, expecting a decline, and the highest rebound reached 64,700 before drifting lower steadily. Although the support wasn’t perfect, from others’ perspectives, it naturally seems miraculous. However, for me, Jiang Yuan, pursuing ultimate precision has always been my style. In short, there’s a reason so many people are looking forward to Jiang Yuan’s insights!

Yesterday, the overall trend aligned with the technical development of bulls and bears. First, the market opened with a decline, accelerated during the European session. Second, the bottom support at 61,000 held firm, marking a level conversion. During the U.S. session, a normal pattern of rebound unfolded, supported by the previous five consecutive bullish days. So the evening rebound was normal. Third, the resistance at 64,500, which represents a weekly level conversion, triggered a decline upon first touch, which also followed logic. There’s nothing particularly special about it. The only special aspect is whether you executed it. For today, we’ll continue our in-depth analysis!

The daily chart has shown six consecutive bullish days, but as I’ve said before, although the highs are shifting upward each day, the gains are insufficient. It’s not a clear strong trend—only a small continuation of momentum in the short term. A significant rebound is basically impossible, given the overall downward trend. The short-term upward movement is just sideways oscillation—a technical correction. The broader trend hasn’t changed. Today’s opening is again moving downward. Based on the four-hour profit pattern, the decline will continue into the afternoon. For support, just focus on yesterday’s low around 61,300. If this level is touched for the first time, you can open a light position for an upward move. Remember, this is a light position—it’s a bet on a double-bottom rebound. Since the market has already moved down, up, and then down again, this isn’t a first-time bottom; second bottoms often have lower probability.

The key remains the U.S. session. If 61,300 fails to hold, the market could break straight through the 60,000 mark. Subsequent support to watch is the 59,000–59,500 zone. So the U.S. session will determine the outcome. What about resistance? First, if yesterday’s high of 64,700 is broken again, the market will accelerate, and the subsequent range to watch is around 66,000, where you can take a short position. For now, resistance is based on the four-hour chart and last night’s peak after sustained correction, around 63,800. The stop loss can be placed just above the early morning high. The downside space also offers some promise, so this trade is worth it. For other levels, we’ll take it step by step. As the trend changes in real time, Jiang Yuan will naturally adjust. Good luck to all!