The US stock market is strong, and the price of Bread rose as expected and touched 58,000.
In the analysis yesterday, it was said that the 4-hour level had just entered an upward trend, and there were stop-loss signals at the 12-hour and daily levels. Before the opening of the US stock market in the evening, Bread had risen to above 55,500, but the dog dealer was also a bit bad. After the opening of the US stock market, it pretended to smash down a wave, and fell by about $1,000 in 1 hour, tempting shorts! If you don’t have some determination, you will be fooled. My long order of 54,000 was almost washed out. Fortunately, I was firm enough, otherwise I really couldn’t get this wave of rebound.
There is a correction at present, but it’s not a big problem. If it rises too much, it will naturally pull back. If it falls too much, it will inevitably rebound. The rebound and upward trend has been opened. Before the interest rate cut is implemented, the upward trend will continue. After the interest rate cut is implemented, we will run. What we are speculating is an expectation.
Today's market analysis: From the K-line, the 1-hour level is in a downward trend, the 4-hour level is in an upward trend (if it fails to recover to 57,000 before 12 o'clock, a downward signal will appear), and the 12-hour daily level is in an upward trend. The intraday pressure level is 59,100, and the support level is 54,900. It is recommended to buy low and buy more in operation. 52,500 has been confirmed to be the bottom of this decline.
