From the daily line technical structure analysis, yesterday’s trading screen closed with a small-bodied bullish candle, completing the repair against the previous decline. In the short term, the market context overall remains in a choppy oscillation pattern of back-and-forth tug-of-war.

At the daily level, it is still trapped within the box-range interval. The medium- and long-term trend remains bullish. In the next stage, there is still a need to pull back to retest the prior swing low; however, the concentrated release of the bullish momentum at the earlier phase has already been exhausted, so the short-term downward iteration cadence has slowed down. The trading screen now needs to consolidate and build up through oscillation to ferment a new round of downward-type momentum.

This round of the counter-rally has consistently lacked strong, momentum-driven volume support. After multiple attempts to probe the overhead pressure level, it failed to break through effectively and open up upside space. Even after pushing upward, the continuation of the rally has been weak, repeatedly getting stuck in high-level sideways consolidation. Following the market rule of “if the push-up can’t break, it won’t break through the prior push-up,” the next focus should be on guarding against a rally that runs out and falls back, and a turn into a downward-type move.

On the hourly and four-hour smaller timeframes, the market has already entered a sideways consolidation stage. The game between bulls and bears is intensifying. In the short term, the market context is highly likely to keep oscillating back and forth within the range, waiting for a breakout direction signal.

Trading approach: the current counter-rally has reached the pressure band at the upper rail of the range, so priority should be given to setting up bullish-long orders.

Trade recommendations
Big brother: bullish near 66,000–66,300
Target: near 64,600–64,200
Second brother: bullish near 1,950–1,970
Target: near 1,870–1,840
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