Yesterday I suggested shorting near 97500 and going long at 95000 when it hits the support level; these actions have already been profitable.
From the four-hour chart, the price is approaching the support below, while the resistance above is gradually moving down, and the market is at a critical point for a bullish or bearish breakout.
Therefore, the operations in the next two days need to be particularly cautious, paying attention to risk control to avoid significant drawdowns.
The intraday resistance levels are at 97160 and 98000, while the support below is at 94400 and 93200.
The overall strategy remains focused on shorting.
Trading strategy:
Short near 96500; if the price rises to 97000, consider adding to the short position, with a stop-loss at 97500 and a target price of 94000-93800.
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