Yesterday, the market surged briefly and then retreated again near 86,500, maintaining a wide-range oscillation throughout the night.

From the hourly chart, what does the rapid jump and subsequent plunge indicate? Market liquidity is indeed under pressure. However, it is worth noting that after a night of fluctuation, the price did not continue to break downward, but instead shows signs of forming a bottom. On the technical side, the MACD has formed a golden cross again, and trading volume is gradually shrinking—these signals all point to the same conclusion: the subsequent trend is likely to continue oscillating within the broad range of 86,000-90,000.

Since the judgment is a range-bound oscillation, the strategy is simple. Current levels at 87,200 and around 86,500 can be used for incremental building positions.

Pay attention to the resistance zone of 88,500-89,000; if it breaks higher, 90,000 will become a clear resistance. In the short term, this range is likely to be tested repeatedly, so seize every opportunity for a pullback.