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The evening market saw fierce competition between bulls, with the price rapidly falling from around 93,300 to around 91,600 before rebounding to around 93,600. On the 4-hour chart, bullish momentum is gradually weakening with bearish candles, while on the daily chart, there is still upward pressure despite increased buying. Overall, the strategy remains to short at highs; sell on rallies.
Early morning market:
Short around 93,000-93,500, target around 91,500-91,000. Stop loss at 94,000.
Short around 3,115-3,135, target around 3,045-3,025. Stop loss at 3,165.