Daily K-level Bollinger Bands still show a three-line downward opening trend
Yesterday closed with a long inverted hammer small positive candle The long upper shadow once again indicates heavy selling pressure above A market characterized by slow rises and rapid falls In a major downtrend Trading should mainly focus on short positions Try to avoid or minimize long positions The main concern is being too slow to exit and getting trapped This morning's rebound peaked around 72300 and then retraced Currently, the price is fluctuating around 71000 For intraday short positions, first watch the resistance at around 72000 If the rebound fails to break this level, the market may weaken Once it breaks below the 70000 level It could easily test the 65000 level downward.
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Daily K-level Bollinger Bands still show a three-line downward opening trend
Yesterday closed with a long inverted hammer small positive candle
The long upper shadow once again indicates heavy selling pressure above
A market characterized by slow rises and rapid falls
In a major downtrend
Trading should mainly focus on short positions
Try to avoid or minimize long positions
The main concern is being too slow to exit and getting trapped
This morning's rebound peaked around 72300 and then retraced
Currently, the price is fluctuating around 71000
For intraday short positions, first watch the resistance at around 72000
If the rebound fails to break this level, the market may weaken
Once it breaks below the 70000 level
It could easily test the 65000 level downward.