The daily K-line Bollinger Bands are still in a three-line downward opening trend.
Yesterday closed with a long inverted hammer and a small positive line. The long upper shadow again indicates heavy selling pressure above. The market is characterized by slow rise and rapid fall. In the overall 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, the rebound reached 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. #当前行情抄底还是观望?
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The daily K-line Bollinger Bands are still in a three-line downward opening trend.
Yesterday closed with a long inverted hammer and a small positive line.
The long upper shadow again indicates heavy selling pressure above.
The market is characterized by slow rise and rapid fall.
In the overall 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, the rebound reached 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. #当前行情抄底还是观望?