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The market overall maintains a small-range consolidation and fluctuating adjustment on Saturday. In the early hours, the market moved upward to around 67,500 and then traded sideways near that level. Currently, the daily chart shows a contracting top consolidation with two consecutive bullish candles formed on reduced volume. On the 4-hour timeframe, the bulls are gradually reducing volume as they touch the upper resistance area. On the hourly timeframe, the market has shifted from bullish pressure to weakening.
Sunday morning:
The market is around 67,000-66,500; just watch for a move toward 68,000-68,500.
The market is around 20,50-20,30; just watch for a move toward 2085-2115.
The market’s volatility is relatively high—pay attention to risk control and defense. Earning within the range is enough to take profits and secure them.
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