Pancake Strategy Validation: Expectations of a Downtrend
Just now, from a technical analysis perspective, the four-hour chart shows a 'three consecutive bearish candles engulfing the rise, returning to the range.' The one-hour chart indicates a downward bias in the Bollinger Bands, with the middle band acting as resistance, suggesting a short position at 118000 with a target of 116000.
Now, the market trend perfectly aligns with the forecast! Prices have continued to decline, breaking through key support, fully validating the bearish outlook. The logic of market momentum and patterns has been accurately reflected in the actual movement, once again demonstrating the value of technical analysis in trend assessment. Moving forward, attention can continue on the sustainability of the bearish trend, keeping pace to seize market opportunities!
