6.13 Big Pancake Thinking
The overall trend shows a decline that began after reaching a high on June 10, with a particular downward trend evident recently. The bearish three soldiers pattern and the top distribution pattern have confirmed the downward pressure.
In the short term, prices are blocked around 104000, and may continue to follow the current downtrend, with the next potential test of support around 100305. If this support level is broken, further declines may occur.
Observe whether there can be stabilization around 100305; if stabilized, short-term rebound operations can be considered. If prices rebound to around 104000 but lack momentum to break through, consider reducing positions at highs or setting up short positions, and be sure to set stop-loss levels.
Candlestick pattern: The bearish three soldiers pattern established the downward trend on June 12.
Market trend: A clear downward trend has emerged recently, especially after June 12.
Support and resistance: The current resistance level is around 104000, and the support level is around 100305.
Buy at: 102614 This point is a recent low and may form strong support, suitable for attempting a rebound.
Stop loss: If 100305 is broken, confirming the continuation of the downward trend, exit with a stop loss.
Short at 105000 This point is a recent rebound high, which may have strong selling pressure; it is not recommended to continue holding.
Stop loss: Breaking through the resistance level of 105878 may indicate a trend reversal, so set a stop loss.
