Let's review the entire daily level first: In the previous bullish trend, we ushered in a four-month consolidation area. A week ago, it was broken by the real body 📉, and it has been tested upward here continuously, but it still has not been broken.
Before next Monday, it will not be able to go above 6.05, and at least it will usher in a second exploration, that is, in the previous analysis, around 5.2. In fact, the current direction is relatively easy to do. As long as there is no breakthrough at 6.05, the overall 🈳 idea remains unchanged. In fact, it is only two or three thousand points away from the upper suppression area. I personally think there is nothing to worry about. After all, from the perspective of the daily line, only by leaving this range can a new 📈 trend emerge.
In 4h, we see a double top signal. The neckline area of the double top is around 5.76-5.8. For those who didn't get on the train at 5.9, 5.8 is also a good entry opportunity. There is nothing more to say, because the structure here in 4h is not very clear. Let's switch to a smaller level to take a look.
From the 1h level, we can see that it is oscillating upward, and the low point of the lower band is constantly rising. So from this point of view, it is still a relatively good long structure. Considering that the small cycle obeys the large cycle, those who want to do short-term trading are only recommended to participate above 5.6. If it is broken here, it is not recommended to participate in any long transactions.