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Yesterday's market moved to around 69700, rallied to around 71300, then pulled back to around 69500. The overall market maintained range-bound oscillations forming an inverted V pattern. The daily level showed a doji with upper shadow and reduced volume, the 4-hour level showed bearish consolidation with closed lower and reduced volume, and the hourly level showed gradual volume contraction.
Saturday early morning market:
The market is trending toward range oscillation; wave trading with high selling and low buying is suitable.
Market around 69500-69000 long, targeting around 71000-71500; conversely, short.
Market around 2115-2085 long, targeting around 2160-2180; conversely, short.
The market fluctuates significantly; pay attention to risk management and defense. Take profits within the range oscillation range to secure gains safely.
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