Yesterday did not rise and then fall as expected, but instead started to pull back directly.
Explanation: The 1h pullback actually started on the 24th at 88752, but from a structural perspective, it seems more like a consolidation.
A few hours ago, the price met support at 85724, so if it does not break below 85000 in the early morning, it is very likely to form the 'top' of a 'head and shoulders' pattern.
Market Analysis
I won't elaborate too much on the 4h today since there isn't much change. Interested readers can refer to recent articles.
1h level, since yesterday's 1h level pullback did not break below 85000, the short-term tendency is to have a rebound here (around 3 days) before attempting to reach 89000 again. Of course, whether it can succeed depends on whether it breaks below 86000 again in the early morning. If it does not break below 86000, it will definitely be able to carry out this round of rebound.
Short-term
In 15m, focus on the support at 86000. If it breaks below 86000 in the early morning, the 1h pullback will continue. Therefore, for short-term operations, the long position should have the stop-loss set at 86000.
Direction: Long
Buy Point 1: Around 84500
Buy Point 2: Around 83500
