[The market range is oscillating in the downward stage]
The current quotation of the market is over 36,300. After breaking through a new high, it fluctuated downwards. In the past two periods, the market price was around 37,000. We have also been reminding people of the risk of a correction. Let’s look at Figure 1 below. The four-hour level pie broke through a new high of 38,000 last week and then quickly fell back to the blue zone shock range. Therefore, we determined that it was a false breakthrough at the time, and it did fluctuate and fall as expected. It is currently around 36,000 (green line area) ) There is temporary support in the short term, and the lower rail of the range is around 35500. Let me talk about it again. Generally, this kind of high-level oscillating upward box (blue range) will most likely fall below. Looking at Figure 2 again, the hourly level is oscillating downwards, and the indicators are also pointing downwards. Look at Figure 3 again. Looking back at the last issue, we said that every new high in this round of big pie has a chance to go back to the previous high, so there is still a chance to go back to the previous high of more than 32,000 in the last wave.
To sum up, the market is near 36,000 in the short term and has some support near 35,500. The mid-line is still waiting for a callback opportunity from around 33,000 to 32,000.
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