1.21 Morning Market Analysis

From a technical perspective, the four-hour Bollinger Bands are clearly expanding downward. The price temporarily stabilizes near the lower band, but the middle and upper bands are simultaneously pushed down, indicating a strong bearish market sentiment. During the decline, trading volume significantly increased, especially when breaking below the key level of 90,000, with a concentrated release of sell orders, showing that the bears are in control. If subsequent rebounds lack sufficient volume, the price is likely to test lower levels again. In terms of strategy, it is still recommended to maintain a short position on rallies.
Trading Suggestions
Short near 89,600-90,100 on rebound, with targets at 88,200-87,500. If broken, continue to watch for a drop to around 87,000.
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