Daily level:
Daily level: yesterday closed with a star line bearish candlestick.
The day before yesterday closed with a bearish candlestick that faced resistance, forming a small double top with three pullbacks at the daily level.
After today's opening, it has moved upward, but the extent of the increase is still limited.
Continuing the previous viewpoint, after rising to the high point near 100000.
The number of pullbacks has increased, the upward momentum has weakened, and the buying power is somewhat lacking.
However, the intensity of the pullback has gradually diminished after the decline over the past two days.
There has gradually been some buying interest coming in.
Market sentiment is gradually shifting from panic and bearish sentiment to stable bearish.
The support level at the daily level has been tested multiple times.
There is a possibility that a certain pullback has ended.
Four hour level:
The four-hour level saw a quick rebound after falling to 94300 last night.
This indicates that the buy orders at the bottom are still quite thick, but the overall bearish trend at the four-hour level has not yet ended.
After three bullish candlesticks at the bottom, the current price has reached the resistance level near 98000 and has stopped rising.
Currently still in the process of a pullback phase of decline.
Continuing yesterday's views and thoughts, the decline has not yet ended.
Still need to pay attention to the support testing situation near the bottom at 94500.
One hour level:
One hour level: The horizontal pressure range of 98000 has been tested and validated multiple times.
The previous candlestick closed with a bullish candlestick that faced resistance, and the bullish rebound from the lowest point of the decline to 98000 is gradually gaining strength.
However, the pressure from the resistance level is still obvious, and there may be certain short-selling opportunities in the downtrend.
Current pressure range: around 98000; support range: around 94500.
Overall price fluctuations are still adjusting and testing within the support and pressure range.
Continuing yesterday's thoughts and viewpoints, there may be a possibility of a temporary top here.
The trading strategy still focuses on shorting on rallies, with an emphasis on observing the testing situations around 98000 and 94500.
