Bullish momentum continues to weaken, with bears dominating in the 4-hour cycle. The daily chart shows a two consecutive bearish candlestick pattern, clearly exhibiting a downtrend in the market; after reaching a peak at 899 points, the price quickly retreated, with insufficient rebound momentum at the hourly level, and a short-term weak pattern has clearly emerged.
Operation Suggestions
• If the price rebounds to the 855-875 range, you can consider positioning a short order. • The target range is initially set at 810-790. During the trading process, it is essential to strictly set stop-loss and take-profit levels, respond rationally to market fluctuations, and avoid the risks of extreme market conditions.
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Bullish momentum continues to weaken, with bears dominating in the 4-hour cycle. The daily chart shows a two consecutive bearish candlestick pattern, clearly exhibiting a downtrend in the market; after reaching a peak at 899 points, the price quickly retreated, with insufficient rebound momentum at the hourly level, and a short-term weak pattern has clearly emerged.
Operation Suggestions
• If the price rebounds to the 855-875 range, you can consider positioning a short order.
• The target range is initially set at 810-790. During the trading process, it is essential to strictly set stop-loss and take-profit levels, respond rationally to market fluctuations, and avoid the risks of extreme market conditions.