Figure 1: The current market is at the resistance level of the 2-day moving average (96,700), and the market has undergone a zeroing adjustment at the 2-day level. Whether the market can sustain a rally or will decline after pressure depends on the overall trend of all smaller timeframes. Above the 2-day level, there is also an important 3-day moving average resistance level (99,675). A sustained upward trend is likely to complete a head and shoulders pattern; whether it can continue depends on the dynamic adjustments of the later market. The zeroing adjustment at the 2-day level involves a pullback, but this does not mean the market can sustainably decline.

Figure 2: The current market is at the 12-hour level. When sharing yesterday, I emphasized paying attention to the bullish rebound after the 12-hour adjustment. The market has oscillated and adjusted in two areas, which has actually consumed the bearish momentum. The effective initiation of the bullish trend has ended the previous bearish trend.

Figure 3: The current market is at the 15-minute level. After the zeroing axis adjustment at the 12-hour level, multiple top and bottom structures formed within a range. The upward movement was initiated and completed at the 15-minute level. The market is now in a relatively unidirectional upward trend within this range.

Figure 4: The current market is at the 5-minute level. The upward movement has been initiated and completed at the 5-minute level. The market is supported at the 5-minute EMA52 (95,046), and a zeroing axis adjustment has been made at the 5-minute level. There is still room for further upward movement. If the market falls below the 95,046 support, the next support is at the 15-minute level (94,109). The market encountered resistance at the 2-day level and pulled back, but it remains in a bullish trend. If it breaks below 95,046, it can continue to enter long positions around 94,109. Support levels below are 94,109 (15-minute), 93,475 (30-minute), and 92,552 (1-hour).

Figure 5: The current market is at the 1-hour level. Looking at the higher timeframes, from 15 minutes to 12 hours, there has been a bullish correction. Based on the current market, the bullish trend is very healthy. It is normal for the market to consolidate and oscillate during an upward move, but after consolidation, the trend should be sustainable.

Summary: The overall market is in a bullish trend. Currently, it faces resistance at the 2-day level. Breaking through 96,543 completes the pressure at the 3-day level (98,741). During the pressure at the 3-day level, the market consolidates and oscillates, but this adjustment remains bullish. Do not blindly short the trend. #每日行情分析