The current price of the pancake is 68849, yesterday's daily K-line highest was 69400, the lowest broke through 67500, yesterday's strategy was to go long at 67500, before the publication, the highest point had 1800 points of operational space. It can be confirmed that after yesterday's pullback, it stood on the EMA30 support point of 67300 and returned above the EMA15 trend line of 68800. As for whether the bullish and bearish trend can reverse from bearish to bullish, it still depends on where the right shoulder forms. The large-scale head-and-shoulders top has already progressed more than halfway, and there is still some distance to the key support point of the 66500 range, requiring patience to wait.
After today's opening, the bulls have not given up hope and are still trying to test the resistance level, but the EMA15 trend line is obviously weak. The MACD shrinking downwards has led to the formation of a high position death cross for DIF and DEA, leaving only waiting for downward diffusion. The Bollinger Bands are narrowing, and the K-line has broken below the middle track of 68700. It is currently above the middle track support, with the upper track resistance at 72000 and the lower track support at 65500. The KDJ downward diffusion trend remains unchanged, and the large-scale trend remains bearish.
Looking again at the four-hour K-line, after breaking the EMA trend indicator, it continuously stood on the EMA120 trend line support of 68150 and then pulled back to the closing pressure level of 69500. The MACD shrinking and increasing positions are evident, and the market is in a bottom divergence stage with small-scale bottom divergence indicators appearing. The DIF and DEA are contracting at low levels. As long as the neck line resistance at 69500 is not broken, the pressure remains bearish. If it breaks, it will return to the 70,000 mark to challenge the previous high of 71500. The Bollinger Bands are narrowing, with lower track support referring to 68050, and the middle track resistance can be temporarily ignored. Focus on the upper track resistance level of 70350 as the first entry point for today's short position, operating in the direction of the trend at the small-scale pressure point under the large-scale bearish trend.
Short-term intraday strategy reference: The market is not 100%, so be sure to set stop losses. Safety first, small losses, and big gains are the goal.
