According to data from various sources, in June, the probability of the Federal Reserve cutting interest rates is very low. Without monetary easing, all upward movements are false breakouts, and one must always be vigilant against the risk of bubble bursts.
Currently, from a daily chart perspective, there has been a recent small amount of fluctuations, remaining in a sideways consolidation. However, risks can arise at any moment, with a MACD death cross indicating a trend towards further pullbacks. It is not advisable to enter the spot market at this time; patience is required. The upper pressure is at 109,000, and support is around 100,000.
On the hourly chart, in the recent period, there has been a volume contraction and pullback. From the pattern, a sharp drop is not expected for now. The MACD golden cross indicates a short-term rebound is needed. One can go long at 104,000 with a stop loss around 103,000, or go short at 106,500 with a stop loss around 107,500. There should be a small rebound today, but it won't be very high.
From a three-day chart perspective, the MACD death cross suggests a trend towards a pullback in the mid-term. The current pullback volume is insufficient, indicating a period of consolidation. However, it is still not advisable to enter the spot market at this time; patience is required.
Successfully recouped costs, account doubled. Stay close during rainy days, position in advance, and enjoy the big profits!!!
Continuously follow: LPT RPL TRB
