On the hourly level, the MACD indicator is in a strong suppression state, with the red momentum bars completely disappeared and the green momentum bars releasing for the second consecutive time. Currently, DIF has not fallen below the zero line, indicating that it is still in the deep correction phase of an upward trend. Although this does not confirm a long-term downtrend, in the current hourly cycle, the bearish suppression is undeniable.
Recommended to focus around 5320 for a short position, with a stop at 5330, and a target below 5270.
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On the hourly level, the MACD indicator is in a strong suppression state, with the red momentum bars completely disappeared and the green momentum bars releasing for the second consecutive time. Currently, DIF has not fallen below the zero line, indicating that it is still in the deep correction phase of an upward trend. Although this does not confirm a long-term downtrend, in the current hourly cycle, the bearish suppression is undeniable.
Recommended to focus around 5320 for a short position, with a stop at 5330, and a target below 5270.