Good evening everyone! Another day is coming to an end, and overall there hasn't been much fluctuation in the morning. In the afternoon, the major index first broke the oscillation range,突破105800 and reached around 106500 before starting to pull back. In the evening, the northern strategy was also swept away, with a drop of over 500 points. The cryptocurrency price strongly pierced the small support at 105400. I had considered this in the evening, but I was blinded by the recent oscillation structure. The northern trap also ensnared me, but in actual trading, the overall risk wasn't very high as I had taken precautions. I’ve reminded about what needs to be said, but still got caught off guard. Today, the major index closed at 1942 points, Ether at 51 points, and the major index risk was 513 points. People always encounter setbacks, people always have moments when they are not understood, and people always have times when they have to humble themselves.
Currently, from the perspective of market structure, if the four-hour closing does not fall below 103800, then the market will still see a rebound at the hourly level. The pressure for this rebound still looks towards the upper levels of 104800/105200.
If the four-hour level breaks below 103800 again, the bears will continue to increase in strength, with the lower target support continuing to look at 103300/102500/101200. If it breaks, then try the last two supports.
(For friends looking to go long in the short term, try to participate only after breaking 104500. Currently, if you're in a short position, just pay attention to the 103800 support.)
