First, look at the big picture. The weekly chart has already confirmed a bearish candle, and several key indicators suggest that the downtrend is not over yet. Overall, the bearish forces still dominate.
Although there is a rebound on the daily chart, this is normal during a downtrend. It can be understood as "a breather after a sharp decline" or "a transit point on the way down."
Regarding specific operations, there are two scenarios:
1. If you are a short-term trader and want to avoid floating losses: · You can try short positions lightly in the 104,000 to 104,500 range. · Set stop-loss within a few hundred points. · If your stop-loss is hit, indicating a strong rebound, wait until the price reaches around 107,000 before considering a second short. · Profit targets can be set in stages: 101,500, 100,000, and 99,000. You can reduce positions and take profits at these levels.
2. If you manage your positions well and can tolerate some fluctuation: · You can place the first short order (initial position) in the 104,000 to 104,500 range. · If the price continues to rebound to 107,000, add to your short position. · The medium-term target remains at 94,000.
In summary: The core idea is to look for short opportunities during rebounds, focusing on key resistance levels at 104,500 and 107,000. Choose the strategy that suits your trading style.
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Here's a brief overview of the midnight market:
First, look at the big picture. The weekly chart has already confirmed a bearish candle, and several key indicators suggest that the downtrend is not over yet. Overall, the bearish forces still dominate.
Although there is a rebound on the daily chart, this is normal during a downtrend. It can be understood as "a breather after a sharp decline" or "a transit point on the way down."
Regarding specific operations, there are two scenarios:
1. If you are a short-term trader and want to avoid floating losses:
· You can try short positions lightly in the 104,000 to 104,500 range.
· Set stop-loss within a few hundred points.
· If your stop-loss is hit, indicating a strong rebound, wait until the price reaches around 107,000 before considering a second short.
· Profit targets can be set in stages: 101,500, 100,000, and 99,000. You can reduce positions and take profits at these levels.
2. If you manage your positions well and can tolerate some fluctuation:
· You can place the first short order (initial position) in the 104,000 to 104,500 range.
· If the price continues to rebound to 107,000, add to your short position.
· The medium-term target remains at 94,000.
In summary:
The core idea is to look for short opportunities during rebounds, focusing on key resistance levels at 104,500 and 107,000. Choose the strategy that suits your trading style.