Although a short-term Rebound has developed at the hourly level, the resistance level near 4800 is clearly exerting pressure, which needs to be noted for its limitation on the Rebound space. On the indicators, the hourly MACD's difference below the zero axis is narrowing, and the green bars are weakening, indicating that the short positions' strength has somewhat cooled. However, the current market is relatively strong but not Overbought, and there is still a possibility for the short-term Rebound to continue. Given that the support below remains stable and the overall trend has not changed.
L
View Original