A new week is about to begin. This week's market is fluctuating around 99000-91000, closing with a bearish candle that has a long lower shadow. Although there is some strength from the bulls, the previous three consecutive bullish candles have been broken, and there are no signs of a new high this week.
From the 4-hour chart, the price has been fluctuating around a high level, with multiple candles showing upper shadows, and there is significant selling pressure near the previous high. For the past two days, I have been warning the bulls to be cautious and mindful of risks. Long-time followers know that I want to target 99500 for my short position. If the market breaks below 90700, a cyclical reversal may occur. The resistance above is at 97200 and 98000, while the support below is at 94800 and 94000. The strategy is to maintain short positions near the resistance levels and pay attention to the electronic market quotes in the evening.
Short at 97000, add to the short position at 97500, with a stop loss at 98100, and a target of 94800-94000.