Thursday, December 19

A new day begins, wishing everyone a bright future

Regarding yesterday's market trend, we mentioned in the morning that we expected a decline, repeatedly indicating a bearish outlook at 100,000. The price has just reached that level, yet some people say we are just making predictions after the fact? It's really quite amusing. To be honest, I really don't want to engage with these people; perhaps this is what they call sour grapes?

On this note, congratulations to those who trusted Jiang Wei, achieving a long position short of 6,000 points. Opportunities are often right around us; seizing them is like gold, and failing to do so is like sand slipping through our fingers. Alright, back to the main point, let's follow Jiang Wei and look at the technical structure below.

From the technical perspective, as shown in the chart, the four-hour timeframe is showing a large bearish candle retracement. Currently, the price is testing the lower bound at the 100,000 mark to stop the decline, but the auxiliary indicators are still showing a pattern of increasing volume, signaling further downward movement. On the daily level, there is a large bearish engulfing candle engulfing a small bullish candle, indicating that the bearish advantage currently outweighs the bullish. The 100,000 mark may not hold for long. Key focus today is on the daily mid-level at 98,800; if this level cannot be maintained, then the bearish trend will continue, potentially reaching the previous low around 94,000. Therefore, today we continue to look for a bearish rebound.

Reference strategy: short in batches in the 101,300-101,800 range, targeting the 98,800 position. If it breaks below, then the next target is the 94,000 position.