2024/12/28 Nightline Perspective

Hello everyone, I am your cat, back from dinner.

I took a look, and the big pie made a false breakout and then closed down. Therefore, when we determine stability, we do not rely on breaking a certain level, but rather on the 4-hour closing line, confirming at a certain position. For example, now, we need the big pie to close once above 950 on the 4-hour line to confirm a short-term stop of the decline.

Currently, there is a small converging triangle at the 4-hour level. Looking at the chart, we will see the market take a direction before 8 PM on the 29th. Before that, we wait for a bottom (the previous 933 has now become the mid-track price on the daily line, and this level must be defended by the bulls. Moreover, we should not touch 924 again, because once 933 is broken, the bullish pattern on the daily line will be ruined. What we see as a bottom now is not a bottom, and time does not allow for it.) If we are waiting for a bottom, it is estimated that if we see another downward trend, it will be around 940.

The market over the weekend is not very interesting, a trend of fluctuations. The closer we get to January 1, the smaller the selling pressure. Normally, after January 1, we will start to see a status of net inflow again.

There is no need to panic.

Still, as I said, if you are really afraid of missing out, then entering with 3, 3, 4, or 2, 2, 3, 3 to pick up some chips, and after confirming the trend, gradually add upwards will suffice.

It’s better to spend more time with family over the weekend; life is not just about trading.