December 26 Morning Market Analysis

The market continues to stay within a range-bound consolidation. Last night, the price briefly surged to the 88,800 area before facing resistance and falling back. Currently, it is trading below the 87,000 level. The "姨太" (mistress) followed the adjustment. Our recently emphasized resistance level short-selling strategy has successfully exited with profits.

From a technical perspective, the four-hour chart previously tested above the middle line of the channel with consecutive bullish candles, but after reaching the upper boundary of the channel, it quickly retreated, confirming that the resistance is effective. The initial support below is around the previous low of 86,500. However, the rebound momentum is gradually weakening, and indicators show signs of weakening. If the price subsequently loses the middle line support, the probability of testing the lower boundary of the channel downward will significantly increase. Overall, it is recommended to continue to focus on short positions at high rebound levels.

Trading Suggestions:
Short near 89,300-89,800 on rebound, with targets down to 88,000-87,200. If broken, look further down to 86,000.