Surge or Plunge? The market has reached a critical crossroads!
The current market is in a period of oscillation and consolidation with mixed buying and selling. The short-term direction needs to observe the momentum changes after the pullback. Although the four-hour level shows three consecutive bullish candles, the long upper shadow indicates significant selling pressure above, restricting the continuation of bullish momentum, and the probability of a technical pullback is high; at the one-hour level, after a strong bullish rally, the market has encountered two consecutive bearish pullbacks, and the price has fallen below the upper Bollinger Band, with the KDJ indicator forming a death cross, signaling a short-term pullback.
Overall, the market has not formed a one-sided trend and is more inclined towards range oscillation. In terms of operations, one can attempt to go long based on key support levels: placing long positions around 114500 for the market, with the initial target set at the previous high of 117500; if the pullback strength exceeds expectations, one should be cautious about the effectiveness of support below 114000. In the short term, it is essential to focus on stabilization signals after the pullback to avoid blindly chasing the rise.
The market is constantly changing, and we are closely monitoring it to seize new entry opportunities. Like and leave a message, let’s navigate the bull market together and seize this major opportunity.
