Key Focus: The Qiankun Line at 3117 - This is the critical pivot. If price stays above it, look bullish; if it stays below, look bearish. Make sure to set proper stop losses. In the short term, there's a clear consolidation zone between 3155-3080.
**Upside:** The Gate of Heaven resistance is at 3155. If price holds here, expect a one-way uptrend to form. Watch for potential wick dips near 3164. Once 3155 breaks and holds, pay attention to resistances at 3164.6, 3187-3198, and near 3218, with 3260 as a key defensive level.
**Downside:** The Gate of Hell support is at 3080. A break below could trigger rapid weakness. Similarly, watch for a wick down to 3065 followed by upside bounce. Support levels stepping down are: 3065, 3046-3028, 3009, and around 2990. Be especially wary of black swan events targeting 2949-2925-2907, with cyclical pullback risks to anticipate.
**Trading Suggestions:** Hold short positions from higher levels and move profit targets. New shorts can be placed around 3163-3155; if adding to positions, enter near 3180 with stop loss set at 3195.
Today's Market Technical Review
Key Focus: The Qiankun Line at 3117 - This is the critical pivot. If price stays above it, look bullish; if it stays below, look bearish. Make sure to set proper stop losses. In the short term, there's a clear consolidation zone between 3155-3080.
**Upside:**
The Gate of Heaven resistance is at 3155. If price holds here, expect a one-way uptrend to form. Watch for potential wick dips near 3164. Once 3155 breaks and holds, pay attention to resistances at 3164.6, 3187-3198, and near 3218, with 3260 as a key defensive level.
**Downside:**
The Gate of Hell support is at 3080. A break below could trigger rapid weakness. Similarly, watch for a wick down to 3065 followed by upside bounce. Support levels stepping down are: 3065, 3046-3028, 3009, and around 2990. Be especially wary of black swan events targeting 2949-2925-2907, with cyclical pullback risks to anticipate.
**Trading Suggestions:**
Hold short positions from higher levels and move profit targets. New shorts can be placed around 3163-3155; if adding to positions, enter near 3180 with stop loss set at 3195.