It seems this Monday is going to be another 'black' one. Recently, affected by unreliable factors, a series of emotional fluctuations combined with buying pressure have led to a washout. The night before last, Trump announced a tariff exemption policy, and as soon as this news broke, the market surged immediately. The price of the currency shot up to the 86100 area in one go. Initially, it was thought that Monday could take advantage of the positive news, but in the end, it caught everyone off guard. It appears to be a united front, but in reality, internal information leaks frequently ahead of time, causing an imbalance in market expectations, which has happened before. The script of the 90-day tariff suspension has just been played out. The market has also been quite choppy these days, and short-term traders should try to wait to avoid being caught off guard!
The rumors about electronic equipment tariffs have not yet settled, and then they were personally denied by Ater, turning what should have been a quietly released positive signal into a chaotic signal on stage. The result is: those that should rise dare not rise, and those that should stabilize dare not stabilize. Ater and Lutnick operate as if they are a duo operating system of the Federal Reserve and Powell, frequently disrupting their own market rhythm. Overall, the market is currently in a very delicate stage. Positive news can bring short-term rebounds, but there is heavy pressure above; negative news may trigger violent fluctuations. In this environment, the best strategy is to control positions.
Looking at today, the pressure at 86700 has not been broken, and the short-term 4-hour chart has shown obvious signs of overbought on the right side. As it approaches 86700, it is nearing the end of the rebound. The upper track of the Bollinger system has already come under pressure, and the moving averages have not crossed above. If today continues to follow the 4-hour channel with adjustments and washouts, it is highly likely to return to this downward channel, repeating yesterday's washout and today's washout situation! The biggest risk now is not the technical aspect but the policy news aspect, which is unpredictable.
Therefore, in short-term operations, the focus should still be on shorting, with the upper area relying on 84000-84800 as a support level, targeting the lower area of 82200-81300.