Yesterday, the price failed to break through the 70170 resistance level after two upward surges. The short-selling force began to exert its strength and directly broke through the 69130 and 68450 resistance levels. As of now, the price has fallen by more than 3,000 US dollars. If nothing unexpected happens, the price will continue to fall due to the inertia of the decline. If the price falls to the important resistance range below and a rebound signal appears, you can buy appropriately.
Focus on the 66350-66800 range. If the price falls to this range, you can buy, with a target of 67500-67800
The above suggestions are for reference only. I will update the market analysis in my guidance group at any time
Focus on the 66350-66800 range. If the price falls to this range, you can buy, with a target of 67500-67800
The above suggestions are for reference only. I will update the market analysis in my guidance group at any time
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The price rebounded as I predicted, but we have to see whether it can rebound to the range I predicted.
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Although the price has dropped a little bit below my expectation, it will still rebound and rise. The price needs to slowly accumulate upward momentum at the bottom, so the price has not rebounded too much so far. Those who buy long orders do not need to worry, just wait patiently
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The price continues to rise as I expected. Waiting for the price to rise to the target range of 67500-67800
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The price has reached above 67500, reaching our target. Victory again
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Currently the price cannot break through 67600, aggressive investors can sell with a small position. Target 66300-66600
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The price is currently below 67600 and has not really started to fall. It is not ruled out that the price will break through the 67600-69500 range. If the price breaks through 69500, the upward trend will continue.
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Consistent with my prediction, the price rose sharply after breaking through 67950, winning againNote
The current price has encountered resistance below 70160 after a rapid rise. Since today's rise was too fast, the price may fall back after encountering resistance. At present, we can focus on the resistance range of 69750-70160.
If the price rebounds to the range of 69750-70160, aggressive investors can sell, with a target of 68800
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
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The recent plunge has already hit my profit target of 68880, another victory
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The current resistance level of 68450 is the dividing line between long and short in the short term. If the price stabilizes above 68450 and rebounds, the upward trend will continue. If it falls below 68450, it will be a downward trend in the short term.
Note
Yesterday the market went through a roller coaster trend. At first, I predicted that the price would fall after encountering resistance below 69130, but as soon as the CPI data was released, the price soared directly and broke through the downward trend line. This was obviously irrational behavior of the market. Later, when the price encountered resistance in the rise, I decisively sold it and seized the opportunity to fall. But then the decline was very large. The whole trend is more like international institutions jointly luring individual investors to follow suit and buy, and then the rapid decline put individual investors in trouble. This is why I was very cautious and did not buy during the rising stage. What I am most worried about is the sudden fall in prices.
The rise and fall of the market have their own internal logic. Any sudden rise and fall is difficult to sustain. This is my keen sense of market risks.
After yesterday's surge and plunge, there is great uncertainty in the market today. Although the price has fallen, it has not fallen below the resistance level of 66000. There is still a possibility of rebounding. The temporary suggestion is to pay attention to the resistance level of 68630 above and the support level of 65900 below.
Trading suggestions: Buy when it drops to around 65900, and buy after it breaks through 68630.
The above suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
The price just broke through 67700, and the price has a tendency to rebound upward. At present, we can pay attention to the resistance range of 67200-67600. If the price falls back to this range, a rebound signal will appear, and long orders can be bought, with a target of 68300-68500
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.