Preface: Yesterday's bearish outlook was perfectly validated. Opportunities are always reserved for those who are prepared. Standing on the shore will never teach you how to swim; only by trying will you know if you can.

Technical analysis: On the 4-hour level, the price reached a peak yesterday, tested the upper pressure but did not break through, then retreated, and after probing the low, made a small upward move. Overall, the pre-market trend is leaning towards a sawtooth pattern, with both long and short positions having merits.

On the daily level, the price remains in the upper-middle range. Yesterday’s backtest did not break the low. If the price wants to decline subsequently, it must break the middle track and close the candlestick below the middle track to open up lower space.

Reference suggestion: Be bearish around the upper pressure of 77000-77500, targeting the 76000-75000 levels.

Follow the public account, for what alleviates worries, only Jiang Wei. A treasure analysis blogger with full emotional value, freely shares trading teaching, brings stable forces and clear guidance in the restless trading market, traverses three cycles of bull and bear and years of practical trading experience, proficient in naked K, trends, Dow Theory, Gann, harmonics, Chande theory, wave theory, and other technical analysis, gathering into personal unique insights.

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