At the four-hour level, the market sustains a narrow-range fluctuation, oscillating between 77,000 and 78,500, while the overall EMA moving averages continue to maintain a bullish alignment. However, the short-term market is trading noticeably far above the moving averages, creating a clear need for a pullback and repair. The MACD’s two lines are turning over at high levels, with a death-cross signal gradually taking shape. Bullish red histogram bars continue to shrink markedly; short-term bullish momentum is steadily fading, and the risk of a phased pullback is increasing. The Bollinger Bands are tightening overall; the price is holding steady and trading above the Bollinger middle band. The key support below is around 75,700, while strong upside pressure is suppressing at 79,500. Overall, the market has entered a sideways consolidation and ranging period. As it happens to be the weekend, trading activity is light; it’s recommended that everyone mainly observe and rest, and arrange your schedule reasonably.

For friends who have short-term trading needs, you may take a small position to bet on the trend, strictly controlling stop-losses and using quick in-and-out tactics: as a reference for short-term trades, consider a low-long setup on the 76,500–77,000 pullback range, with a stop-loss placed below 76,000. For rebound targets, look at 78,500–79,500. For shorting at the 79,000–79,500 resistance area, positions may face pressure; set a stop-loss above 80,000, and watch the downside pullback target at 77,500–76,500.