Recently, market fluctuations have intensified, with 114760 becoming the focal point of contention between bulls and bears. This price level is not only a barometer of the short-term trend but also a key reference point for traders to formulate strategies.

If the price can firmly stand above 114760, the market will show a bullish pattern. At this time, 114760 will become the basic support for rebounds, and investors need to closely monitor whether this level can be maintained. The important resistance levels above are 116800, 117880, and 118560, and breaking through these levels will open up space for further increases.

On the contrary, if 114760 fails to hold, the market may continue to adjust. In this case, the previous low of 113510 will become the primary defense level. If this support is broken, the adjustment range may widen, and investors need to be wary of the support at lower levels such as 112750, 111860, and 111100.

For bulls, the focus is on whether 114760 can hold steady, and on the rhythm of breaking through various resistance levels upwards. Bears need to pay attention to whether 114760 is effectively under pressure, while being prepared to respond to potential further declines.

It is important to note that relying solely on price points for analysis has its limitations. When formulating trading strategies, investors should also consider various factors such as changes in trading volume and overall market sentiment to better grasp market trends. In the current environment of significant fluctuations, maintaining a cautious and flexible attitude is particularly important.