Market update for the evening of Friday, August 1.



The midday market fell to around 114000 after dropping to around 116000, then rebounded to around 115000 and oscillated.

The midday market fell to around 3582 after dropping to near 3722 and then rebounded to around 3625, oscillating.

Currently, the daily K-line shows an increase in the negative direction. It opened around 115700 at 8 AM. On the four-hour level, the increase in K-line gradually reaches its peak, with support around 114000 below. The hourly level shows a decrease in K-line volume in the positive direction, with minor resistance around 116000 above and support around 113800 below. In the short term, it is running downward.

Evening:

The market retraces around 114600-114100, looking towards 116000-116500, with a stop at approximately 113000.

The market is pulling back near the 3580-3560 area, looking towards the 3650-3680 range. Keep an eye on the 3500 area as support.

In the evening, you can first focus on the K-line and then on the D-line. In terms of operations, pay attention to risk control and defense, and you can secure profits within the range.
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