The so-called market trends do not mean that when prices rise, one should buy more, and when they fall, one should sell short; the most subjective approach requires observing while walking, with no definitive conclusion.
Looking back at this month's market, the situation has been turbulent and unstable, showing strong pressure above.
From a technical structure perspective, there is high-level volatility, with no signs of a further breakout to the upside in the short term. If the high levels do not continue, then the market will have a demand for a correction.
On the hourly chart, the long and short positions are moving in a convoluted manner, with high points gradually declining. The bullish energy is decreasing, and there is a taste of further continuation as it breaks below the mid-track support. For now, we should treat it with a high short position for the day.
