Yesterday, there was a bullish outlook at the low point, perfectly gaining over 2500 points. The overall market showed a range-bound downward trend. The price first tested the bottom and then rebounded, but faced resistance and fell below the 120,000 mark. It then rebounded again, with the lows continuously moving down and the highs also declining.

On the four-hour chart, the price broke below the lower boundary yesterday but did not continue downward. Instead, it formed a lower shadow and returned to operate within the range, indicating that the market is still normal and has not moved into a significant one-sided trend. Currently, the price can be said to be at a support level, so for today, we can first look for a bullish opportunity before considering a bearish outlook.

For today, it is suggested to look for a bullish opportunity around the 120,800 mark, with a target towards 122,800. After rebounding to 122,800, consider reversing to a bearish position, targeting around 119,800. The levels are for reference only.

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