The performance of the banking sector today is indeed not very optimistic, with the overall decline already exceeding 0.57%. On the market, there is more green than red, with only a handful of individual stocks barely in the green.

As mentioned before, the banking sector has been fluctuating between the half-year line and the 60-day moving average, and in the short term, it is likely to remain in a weak, volatile pattern. Now it seems that this judgment has basically come true.

The technical side illustrates the issue even more clearly—today, it directly broke through both the 20-day and 30-day medium-term moving averages, and even failed to hold the short-term 5-day and 10-day moving averages, completely moving away from the support area of the half-year line. With this pattern, the probability of continued weakness ahead is quite high.

Looking forward, whether in the medium or short term, the banking sector will likely continue to consolidate at the bottom, and the weak volatility may persist for a while.