6.12 Analysis of the Big Pie Thinking
In the short term, the price shows a downward trend and forms a 'Black Three Soldiers' pattern, which usually indicates strong bearish forces, and may continue to decline in the short term.
The appearance of a doji may indicate that the market is hesitating, and attention should be paid to subsequent confirmation trends. If the price cannot break through the resistance level of 108086.5, the downward trend may continue.
The current trend is bearish, and it is advisable for everyone to be cautious. Pay attention to key support and resistance levels: 100305.1 can be used as a stop-loss protection level or reference point.
For short-term trading, patiently observe subsequent confirmation signals to avoid blind bottom fishing. More cautious traders can wait for the price to stabilize or break the impact of the 'Black Three Soldiers' pattern before re-entering the market.
Direction
Long at 105300, close to previous lows and approaching important support levels, may form a rebound area.
Stop loss at 104000, breaking the previous support level of 105300 confirms the continuation of the downward trend.
Short at 108000, current price is close to the resistance level of 108086.5, there is a certain risk of selling pressure.
Stop loss at 108500, breaking the resistance level of 108086 indicates that the upward trend may extend.
