7.16 ten-thousand million—midday market reflections

In the early period, the market bottomed out at 61806 and completed bottom-building energy. A strong rally pushed up to a high point at 65589. After touching the upper Bollinger Band’s resistance, the bulls immediately ran out of steam. The price then began to fall into range-bound consolidation. The current price is 64661.6, and the signal of stalled gains at the highs is very clear.

The upper band at 65353.7 is the strongest short-term suppression line. In the prior push higher, price failed to hold above this line. Selling pressure continues to accumulate overhead; pushing further up would become a trap to lure longs. The Bollinger middle band at 64861.8 is the dividing line between bulls and bears. The current price has already fallen below the middle band, and the short-term trend has weakened.

The lower band at 64369.9 is the first key support level. If price breaks below this point, it will further open up downside space. The Bollinger channel has slightly narrowed, and upside momentum has completely decayed. We are entering a high-level shakeout phase, and the risk of blindly chasing longs is extremely high.

Upward resistance: 65350-65590
Downward support: 64370-61800

Practical strategy for Silk Road

Now is a high-level “tail-end”行情. Never chase longs. When the rebound approaches the upper band pressure zone, prioritize placing short orders to bet on a pullback. Only if price retraces and holds steady at the 64370 support can you take a small long position to capture a modest rebound. Strictly control position sizing; don’t hold longs for the long run.

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