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Yesterday, as the market approached the closing bell, prices experienced a sharp cliff-like decline. Although the magnitude was not large, it still broke through the support of the short-term and intraday levels. The long positions established during the day also halted around the 26550 level. Those who follow Chen Tian's updates are aware that admitting mistakes is a sign of courage, and it's only to ensure a clear conscience. He remains confident in leading everyone forward.

From a technical perspective, at the daily level, after three attempts to break through resistance at the high level, the failure to do so promptly led to a pullback driven by bearish volume. However, the continuity of the decline is not strong, as it did not break through the key support level. The trading volume was also not significantly affected by this decline, still maintaining bullish volume. As the saying goes, there is no room for upward movement to release, and the pullback is only a phase of restorative demand. Only after experiencing a restorative rise can the upward trend become more stable.

At the intraday level, after the previous resistance, the price has been oscillating for recovery, but the bullish volume did not provide support, leading to a pullback driven by bearish volume. The price channel has shifted from an upward opening to a downward expansion, and the price has been testing the support of the intraday level, but the space has not opened up. Bullish volume has started to increase in the short term, and there is also a demand for a certain degree of recovery in the price. Therefore, in terms of operation, we can focus on long positions around the lower end and consider shorting if the upper level is not broken.

Trading suggestion: Long in the 26200-26400 range, with a target of 26900-27200.

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