The current trend in the 1-4 hour chart is bearish, and the daily level shows a range-bound trend with resistance above 3070-3120-3170 in the range of 2930-3080, and support at 2980-2830. From a technical perspective, I generally see a broad range-bound movement as the main trend, with particular attention to the pin at 2930-2900. If the pin does not break below 2900, then a long position can be entered, with a stop loss set 3 points below the pin to prevent a second test. This is because there is a demand for a rebound to above 3150 on the daily chart, and even if the pin occurs at the hourly level, it will still be below that. Therefore, I personally focus on going long, so I mainly look for long signals. If I miss a short position, then I miss it. In the short term, both long and short positions can be taken, just watch the market and be willing to exit when needed. Hitting key levels is basically a probability event. The support below the large pie is around 86800-85700, while 90K is a pivotal threshold above. However, overall, last week's K-line closed above, which is the reason most people are bearish, and that's normal. Therefore, it's not suitable for pattern trading recently. Speculators can take a segment; if there is a signal, they trade, and if there is no signal, they don't. If they trade, they make some money, no matter how much, as long as you make money, you have outperformed 90% of people in this market, it's that simple. Personal opinions for reference only.
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The current trend in the 1-4 hour chart is bearish, and the daily level shows a range-bound trend with resistance above 3070-3120-3170 in the range of 2930-3080, and support at 2980-2830. From a technical perspective, I generally see a broad range-bound movement as the main trend, with particular attention to the pin at 2930-2900. If the pin does not break below 2900, then a long position can be entered, with a stop loss set 3 points below the pin to prevent a second test. This is because there is a demand for a rebound to above 3150 on the daily chart, and even if the pin occurs at the hourly level, it will still be below that. Therefore, I personally focus on going long, so I mainly look for long signals. If I miss a short position, then I miss it. In the short term, both long and short positions can be taken, just watch the market and be willing to exit when needed. Hitting key levels is basically a probability event.
The support below the large pie is around 86800-85700, while 90K is a pivotal threshold above.
However, overall, last week's K-line closed above, which is the reason most people are bearish, and that's normal. Therefore, it's not suitable for pattern trading recently. Speculators can take a segment; if there is a signal, they trade, and if there is no signal, they don't. If they trade, they make some money, no matter how much, as long as you make money, you have outperformed 90% of people in this market, it's that simple.
Personal opinions for reference only.