8.15 Afternoon Thoughts

The hourly Bollinger Bands show that the middle band and lower band are still sloping downwards, indicating that the short-term downtrend has not changed. However, the lower band has turned upwards, providing initial support for the price; the narrowing of the channel and the convergence of the bag mouth suggest that the short-term tug-of-war between bulls and bears is easing, leading to a decrease in market volatility. In addition, prices that were previously close to the lower band are gradually moving away from support and approaching the middle band, indicating that the bearish momentum is weakening. Overall, the short-term trend has not completely reversed, but the strength of the bears is diminishing, and the tug-of-war between bulls and bears is becoming more stable.
Big Pie Operation Idea: Pullback around 117850-118650, looking up to around 121500.
Auntie's trading strategy: Pullback near 4525-4570, looking up to around 4785.