7.23 Evening Order-Book Observation for Yitai

Overall, it weakened in tandem with the broader market. During the day, it surged to a 1956 high point, then came under pressure and pulled back. In the evening, it consolidated and traded in a low-volume range near 1920 for consolidation. Rising US Treasury yields brought pressure. ETF capital saw periodic outflows. At higher levels, profit-taking was concentrated and cashed out. The bulls lacked incremental capital support. In the evening, the focus was mainly on digesting positions, with no clear one-way trending market.

In the short term, the market is capped within the suppressing range of 1936–1956, with 2000 as a key medium-term pressure point. Below, the core supports are 1900 and 1870. The low point of this rally has been steadily lifted; when price revisits key levels, there is likely to be follow-on capital to provide support and take in the retreat. As long as it has not effectively fallen through before, the medium-term recovery structure has not been damaged. Short-term indicators are weakening, and there remains the possibility of further downside testing support levels.

Evening reference range:
1、For a rebound 1936–1956 箜, take defense above 1970, targets 1900 and 1870;
2、For a pullback 1870–1900 哆, take defense below 1855, targets around 1930.
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