1. Short-term Market Analysis (Current Stage)
1. Market Trend Observation
Currently, I have limited interest in the current trading range. If I were to choose to short, the conditions of the market continuing yesterday's downward trend and intensity must be met. However, from the intraday performance, despite not having closed yet, the anticipated downward trend has not materialized, which is a signal worth noting.
2. Long and Short Power Game
Even if the evening market reverses, the fact that daytime prices are difficult to drop significantly fully reflects the strength of bullish forces in the market. Most investors have a strong bullish sentiment, which is the core reason for prices maintaining at a high level.
3. Trading Strategy Selection
If the daily line ultimately closes in a hammer candlestick pattern, I will reassess shorting opportunities; otherwise, I am currently more inclined to establish long positions. As a right-side trader, there is a risk in left-side trading currently, and I will only test key level breakthroughs with a very small position ("ant position") to minimize potential losses.
4. Key Level Analysis
The previously mentioned 88k position is crucial, supported by both subjective logic and consistent with technical analysis frameworks:
- Resistance Level Attributes: This price level constitutes strong resistance, suppressing price upward;
- Range of Fluctuation: Positioned at the upper end of the current fluctuation area, whether it breaks or not will determine the trend direction;
- Pattern Confirmation: If a double bottom structure forms, 88k will become a key reference point for daily level breakthroughs (MEASYRED MOVE position), which is worth paying close attention to.