Old Bao's Coin Wind Harbor Issue 364:

We mentioned in yesterday's video explanation that 119500 is a good resistance level.

The market is also very strong; after the price reached 119500, it began to pull back and stayed in a bearish trend all day.

This morning's price tested the buying power below after a dip and then started to show a rebound.

This is a test of the shorts' selling pressure; if the oscillating market holds, then the current resistance at 119500 will shift downwards.

Today's high-pressure area will move down to around 118500.

PS:

Long discussions on trends, short discussions on logic; in the trading market, the most expensive is trading logic, and the least significant is the buy/sell points;

Daily videos are for reference only and do not constitute trading advice. Thank you for your continued attention and support for Old Bao's Coin Wind Harbor.