The recent market has slowed down, with little volatility. Could this be a calm before a new trend? No one can be certain. However, from the chart, we can see that several attempts to break above 90,000 have failed to hold steady, indicating that although the bulls have the intention to push higher, their strength is temporarily insufficient. There is clear resistance around the 90,200-90,300 range. Since it can't break through, in the short term, it might be better to look at the support level around 88,000.
Of course, if it can truly break and hold above 90,200-90,300, it is very likely to challenge the 91,200-91,300 range next — that is the key point for the bullish-bearish transition. That's right, to return to an upward trend, it must stabilize above 91,200-91,300. So, think about it: without continuous accumulation of major funds, it's hard to push through directly. For now, let's take it step by step.
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The recent market has slowed down, with little volatility. Could this be a calm before a new trend? No one can be certain. However, from the chart, we can see that several attempts to break above 90,000 have failed to hold steady, indicating that although the bulls have the intention to push higher, their strength is temporarily insufficient. There is clear resistance around the 90,200-90,300 range. Since it can't break through, in the short term, it might be better to look at the support level around 88,000.
Of course, if it can truly break and hold above 90,200-90,300, it is very likely to challenge the 91,200-91,300 range next — that is the key point for the bullish-bearish transition. That's right, to return to an upward trend, it must stabilize above 91,200-91,300. So, think about it: without continuous accumulation of major funds, it's hard to push through directly. For now, let's take it step by step.