7.24, big brother, and second brother, intraday

In the current market, after a run-up, the upward momentum has clearly weakened. The long side’s push is gradually exhausting, and short-side selling pressure has started to release continuously. The market has shifted from a high-level ranging state to a short-term bearish pressure pattern. On the daily timeframe, after the price surged to the highs, it stalled and pulled back; trading volume keeps shrinking, and the bulls are unable to launch a strong counterattack.

On the four-hour cycle, a stage-like double-top pattern has formed. A high-volume, large bearish candle broke through the Bollinger middle band support. The Bollinger Bands also turn downward in sync, and the short-term order book is already suppressed by the short-side downtrend.

Big brother: resistance around 65,500 and 66,000; down to watch 64,000 and 63,300.

Second brother: resistance around 1,900 and 1,930; down to watch 1,850 and 1,820.
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