Yesterday I suggested shorting around 97500 and going long at the support level of 95000, and these operations have been profitable so far.
From the four-hour chart, the price is approaching the lower support, while the resistance above is gradually moving down. The market is currently at a critical point for a bullish or bearish breakout.
Therefore, operations in the next two days need to be particularly cautious, with a focus on risk control to avoid significant drawdowns.
The intraday resistance levels are at 97160 and 98000, while the support below is at 94400 and 93200.
The overall approach remains primarily bearish.
Operational strategy:
Short around 96500, if the price rises to 97000, consider adding to the short position, with a stop loss set at 97500 and a target price of 94000-93800.
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