The market affected by the news has a characteristic, that is, short, frequent, fast, will only affect the trend of the small cycle, and will not change the final technical form, after gradual digestion, will eventually return to the technical side. Looking back at the pie market in the early morning, it is in a state of range shock, and the 104000 line is constantly laying a solid foundation and stabilizing the support point. As a result, the market fell into a brief silence with no major fluctuations. Focus on this point in the morning, which will be an important support point for the next big volatile market. The 4-hour level after three consecutive strong declines, hit the lower rail to usher in the bottoming up, the short-term again into the long-short see-saw stage, the low point is at 103300, the rebound high is in the 105288 line, and the 4-hour chart is a three-pressure and one-stick pattern (moving average pressure + Bollinger middle rail pressure + MACD divergence pressure + price sticker lower rail), and there is no reversal signal on the technical side.

Short-term: follow the resistance level of 104738. Any rebound before breaking through is considered a short opportunity; breaking point: 103621 is the lifeline, if it breaks through, aim for a short at 102664. Counter-trend bottom-fishing: only when the volume stands above 105925 (middle band) + MACD golden cross is established can one attempt a long.
Not investment advice, for reference only!!!