Can the 80,000 mark be held?
Three consecutive negative lines on the daily line indicate that the short-selling force is dominant, the market selling pressure is strong, and the downward momentum is sufficient in the short term.
The current 80,000 mark is a key position. If the market continues and falls below 80,000, the short trend may continue further and may fall to a lower support area.
In the case of the current clear short trend, it is a safer strategy to avoid bottom-fishing against the trend and continue to short. I wish you all wealth freedom as soon as possible!
Morning Thoughts
Big Cake 85500-85800 area short target 83000-82000
Second Cake 2380-2410 area short target 2280-2250
