Juejin Old Cat Market Series: Last Night's Range Perfectly Executed, Focus on Breakout Direction Today

Author: Juejin Old Cat

Today’s market review: The high-probability buy and sell range provided last night was accurately fulfilled. The price has been oscillating within the preset range throughout, allowing both bulls and bears to profit. The current market focuses on key price levels; whether it breaks or not will determine the subsequent rhythm.

Fundamental analysis: Macro data supports expectations of ample liquidity, geopolitical disturbances continue to provide safe-haven support, and short-term market sentiment remains relatively strong. There are no obvious negative shocks at the moment. The overall environment favors price upward movement based on support levels. Keep an eye on policy signal changes for future guidance.

Technical analysis: The price has stabilized above key support zones, with moderate volume supporting a bullish rhythm. The previous oscillation range effectively verified support strength. The current pattern leans towards oscillation with a bullish bias. Pay close attention to the breakthrough strength of key resistance levels and the volume response.

Strategy and Range: Intra-day, go long based on the 4600 support level, with initial targets at 4620-4640. After reaching 4640, focus on the breakout situation. If volume increases and a valid breakout occurs, follow the trend and go long, targeting 4660-4680. If 4640 fails to break through and pulls back, switch to a short position with targets at 4630-4620. Maintain strict position control and implement risk management throughout.

Disclaimer: This article is a personal market analysis and trading idea by Juejin Old Cat and does not constitute investment advice. Market risks are variable; investors should make independent decisions and bear all trading risks.