The negative sentiment caused by the weakness in the US stock market is still fermenting. Coupled with the bearish news from the mainland stock connect last night, the three major indices collectively plummeted at the opening today. The Shanghai Composite Index opened at 4106 points, having touched around 4103 points yesterday. If the market continues to decline and breaks through this level during trading, a rapid rebound to 4122 points is necessary in the short term—otherwise, breaking below 4100 points could lead to deeper adjustment risks.



From a technical perspective, the area around 4122 points and the five-day moving average has become the main resistance for upward movement. Whether this level can be successfully reclaimed will determine the subsequent trend. Once the 4122-point line is regained, although there may be some oscillation around the five-day moving average, there is hope to continue pushing towards the 4141-4150 point range. The key still depends on whether market sentiment can stabilize and how well traders can manage the game between these critical levels.
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DegenApeSurfervip
· 01-17 20:53
It's dropping again, the US stocks really mess with your mindset. If it breaks 4100, we're doomed... This critical level at 4122 must be held, or it will be even more painful later. It feels like the market sentiment is collapsing right now; whoever can stay steady wins. Whether this technical setup is right or not depends on the market’s mood, uh...
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GateUser-9ad11037vip
· 01-16 12:47
Another plunge, dragged down by the US stocks. This pace is really incredible.
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OnchainSnipervip
· 01-15 10:55
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SneakyFlashloanvip
· 01-15 10:55
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WenMoon42vip
· 01-15 10:53
It has dropped again. The impact of this wave on the US stock market is really significant. Why does it feel like everything has to be at the mercy of the US... Breaking below 4100 is truly dangerous; we need to see if it can hold up later. The 4122 level is being tightly defended; breaking through is a bit difficult. The technical outlook is quite clear, but who can guarantee when market sentiment will stabilize... A rebound to 4141 will also depend on luck. This wave of volatility is quite intense.
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TradFiRefugeevip
· 01-15 10:52
Again, a plunge. The 4100 level is really critical; if it breaks, it will be troublesome. Breaking 4100 means disaster? The key is whether 4122 can hold. When the US stock market sneezes, we catch a cold—this pattern is all too familiar. Emotions... to say they can be stabilized easily? Laughable. Retail investors have long lost their emotions. Can the 5-day moving average line hold? I really don't believe it. Can 4141 really push through? Let's survive today first. The Mainland Stock Connect is also not very supportive; this wave is indeed quite risky. This situation has really messed with my mindset, and I still have to watch 4122... Deep adjustments after a breakdown are truly risky; it's wise to keep some cash on hand.
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PretendingSeriousvip
· 01-15 10:52
Down again, US stocks sneeze and we catch a cold, the timing is really perfect. If it breaks below 4100 we're done for, right? Listen to this technical analysis, it's like fortune telling. Gotta hold that 4122 line, otherwise it's going to be endless... Northbound capital flows are causing trouble too, this is basically forcing retail investors to bail out. Feels like whenever Bitcoin drops, A-shares don't do any better either, it's really hard to make money.
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NotSatoshivip
· 01-15 10:38
又跳水了啊,破4100怕是得梦游了
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