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After a high rise yesterday, there has been a continued decline. In the early morning, there was a reduction of 1300 points, and according to the fundamentals, once the fundamentals were out, there was a long wick candle, and the high point continued to add to the decline. After that, in the early morning, it weakened first to test the bottom support, and the decline was at the support level with a total of 1500 points. The support was not broken, and there was a slight rebound afterwards, with a position of 1600 points in the afternoon. Although the position is not particularly good, it is still considered decent. So how should we view the current situation...?
The fundamentals have not risen strongly after the decline but have first pulled back. The support level holds, and the price rebounds to break the high point. The high point continues to move up, and the weekly cycle has broken past the previous weekly high point. The trend is relatively strong, and the daily Bollinger Bands are still extending upwards, with larger time frames also having upward space. However, it is not particularly volatile; breaking through 12 is difficult, so we should be cautious and wait until the price is high before making any moves.
You can watch around 116900 to 116600, and look near 119000.
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