At present, the price has fallen slowly after reaching the second support, but after a whole day of rest, there is still no upward trend. The new entry point needs to wait until there is another downward exploration.
From the daily line structure, the market closed with a Yin-enclosing Yang trend, indicating that the air force is coming with great momentum. The penetrating Yin line destroys the upward structure that was sorted out in the early stage, and the price returns to the consolidation trend. The subsequent consolidation time will be extended.
At the same time, after this wave of callbacks, the MA30 in the previous horizontal state is bound to bend down. When the price pulls back to the downward bending state MA30 again, it is a new large-scale suppression, and the first local high rush. Don't rush to chase the rise.
From the trend of 1H to 4H, there is a new dense selling pressure on the top, and the direct rise is limited. After the price enters the upper and middle tracks of the previous bottoming structure, the bulls have successively resisted, but the amplitude is not very strong.
The main decline of the current 4H structure has come out, and the price is in the aftermath state. New opportunities either wait for the hourly line to repair at the bottom for 3~5 days to complete the consolidation before choosing a new direction, or wait for a local oversold rebound after continuing to explore.
