7.20 Jack evening market outlook analysis

From the short-term intraday chart, it can be seen that during this period the price first surged to around 64774 and then met resistance and pulled back. After dipping to the 64077 low point mid-way, it rebounded slightly. The current price is hovering in the 64373 range with mild fluctuations, and over the past 24 hours the overall trend has been slightly weak.
All short-term moving averages are above the price, forming persistent pressure. At the moment, the resistance to upward testing is substantial. Trading volume is significantly reduced compared with the earlier phase of the market, and market participation enthusiasm is low; indicators are also showing a relatively weak state in sync. The two levels above—64426 and 64774—are both strong resistance zones, so a rebound is unlikely to break through directly. The short-term market will most likely continue consolidating at low levels. Keep an eye on support around 64077; if this support level is broken, a larger pullback will likely follow.