4.2 Simple Analysis of the Big Pie
Due to limited space, I will be brief
1️⃣ First, let's talk about the trend: The daily level is still in a bearish trend and has not broken through the trend line. It is clearly a falling continuation pattern of an ascending flag, currently running the third wave of decline at the daily level.
2️⃣ MACD: The 1-hour histogram shows negative values, forming a death cross, indicating a weakening of upward momentum, which may signal the beginning of a trend reversal.
3️⃣ Trading Volume: Trading volume has decreased, indicating insufficient volume during the breakout, leading to a divergence between price and volume. There is a possibility of a false breakout; we need to observe whether the volume increases when the price breaks through key resistance levels; otherwise, it will be a false signal.
In summary: The MACD has formed a death cross, and the trading volume is insufficient, which may indicate a false breakout, aligning with yesterday's prediction. There may be a double top structure or a long upper shadow trend line, followed by a large bearish candle, continuing to run the third wave of decline at the daily level, with today's news regarding tariffs.
Short-term Support: 83500 (Neckline Support)
Short-term Resistance: 85000 (False Breakout Target), 86500 (Upper Shadow Position)
