Evening Thoughts on 8.11


The current market is in a stage of consolidation, with short-term moving averages flattening out. Prices are fluctuating back and forth within a range, with no clear direction for an upward or downward movement at the moment.
The MACD indicator is fluctuating slightly near the zero axis, and the momentum bars are also narrowing, indicating that both bulls and bears are relatively cautious, and there is currently no clear winner in the contest.
The next key points to watch are two levels: if it can hold above 122000, the rebound momentum may continue; if it falls below the support at 120000, it might need to test whether the previous support level below can hold. This is my personal suggestion, for reference only.
Pancake operation idea: Pullback near 120200-120850, looking up near 122550.
Concubine's operating idea: pull back to around 4044-4115, then look up to around 4385.
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