Happy Labor Day, everyone! Wishing you all a great holiday! The market has seen a slight rebound today. In yesterday's analysis, I mentioned that it’s not easy for prices to drop here, and the mid-term outlook remains bullish. The reason is simple: first, from a macro perspective, geopolitical tensions aren’t as intense right now, and there’s an expectation of rate cuts with the Fed soon getting a new chair. Most importantly, this round of market movement has shown that after the 4-hour chart broke above the 250-day moving average, the direction of the major moving averages on the 12-hour chart is still trending upward. What does this mean? Let me break it down for you. From smaller timeframes like 15 minutes to larger ones like daily charts, this is a gradual process of improvement. The larger the timeframe, the stronger the support for the price. In yesterday’s analysis, I mentioned that while the daily chart’s major moving averages are still trending downward, there’s an expectation for them to flatten out. Things are progressing, and we’re seeing improvement from the 4-hour chart extending to the 12-hour chart. Take a look at Platform 1 and Platform 2: every time the market is about to drop or shift, these major moving averages tend to flatten, converge, and then spread downward. However, right now, we’re in a phase where the major moving averages are spreading upward. Does this explanation make sense to you???