Midnight Deep Talk:

This week's market continued the weekend rally to around 90,800, then rose towards 94,800 before starting to pull back. In the evening, the market again tested double peaks under pressure and retreated, falling back to around 94,500 and then down to around 91,300.

From a macro news perspective, escalating tensions in border regions and worsening US-Myanmar relations have brought some rebound effects to the market. The impact of the second rate cut has dissipated, reducing the likelihood of future cuts. Market expectations have declined, and overall institutional selling and whale activity have led to decreased trading volume. The market remains in a wide-range oscillation.

From a market technical perspective, the monthly K-line has shown four consecutive bearish candles, currently turning bullish and oscillating near the midline. The overall trend is downward. The weekly K-line shows a second consecutive bullish candle with decreasing volume, facing significant resistance above. The price is gradually moving downward, with attention on whether the resistance around 95,000 can be broken and stabilized. Support levels are around 84,000.

On the daily chart, bullish momentum is approaching the upper band and facing resistance, currently closing with a bearish candle. Support is around 88,800. In the short term, the four-hour bullish momentum has increased and then crossed downward, while the hourly bullish momentum has decreased and is trending downward.

The overall approach is to maintain wide-range oscillation, with the overall trend still downward. It is recommended to gradually build positions near 94,000-95,000. Watch for target levels around 89,000-85,000 below.

No matter how accurate the market timing, risk control and defense always come first. Protecting your chips is the best way to move forward.