(Disclaimer: The following is only a personal opinion, not investment advice. Please make your own judgment before making any decisions.)
This week, the price has remained stable above 21,432. Yesterday’s CPI data came in worse than expected, indicating inflation is rising again, which may slow down the rate cut process. Despite this, the market did not break lower, suggesting weak selling pressure and the potential for an upward breakout.
Today’s bias remains bullish, with an initial target of 21,968 and the next target at 22,100.
If the price breaks above 22,100, it’s important to monitor its movement within the 22,100–22,389 range. Failure to break above this range quickly could lead to a notable pullback.
If the price successfully breaks through, it may continue to rise toward 22,800.
This week, the price has remained stable above 21,432. Yesterday’s CPI data came in worse than expected, indicating inflation is rising again, which may slow down the rate cut process. Despite this, the market did not break lower, suggesting weak selling pressure and the potential for an upward breakout.
Today’s bias remains bullish, with an initial target of 21,968 and the next target at 22,100.
If the price breaks above 22,100, it’s important to monitor its movement within the 22,100–22,389 range. Failure to break above this range quickly could lead to a notable pullback.
If the price successfully breaks through, it may continue to rise toward 22,800.
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