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July 24 Afternoon “Er Bing” Quick Analysis
In the afternoon, it briefly surged to test the 1908 high point, then met selling pressure and pulled back. Judging from the 15-minute chart, after the spike, bullish momentum quickly faded; the price gradually drifted lower. After briefly probing 1858, it rebounded slightly and is currently in a high-range consolidation and adjustment phase.
There is clear resistance overhead in the short term. If it cannot regain and hold the 1900 level, it will most likely continue with range-bound repair. On the downside, pay close attention to support around 1858. Once that support is broken, it could further open up additional downside room. Market volatility is intense—make sure to strictly control risk.