Analysis on the afternoon of 12.22

The 1-hour chart shows a clear bearish signal, with the price rising to the peak of 89600 and then forming a long upper shadow, indicating heavy selling pressure above; after a short-term rapid rebound, the upward momentum is weak, and there is a technical need for a pullback; the current price is consolidating without breaking the previous high, with an increasing divergence from the moving averages, and the volume did not increase synchronously during the rise, indicating a weakening upward momentum. It is highly likely to fall back to the moving average support level.
Operation suggestion: 89300-89800 range, target support at 87300-87800.
The target for Erbing is looking down towards around 2900 near the 3050-3080 range.