Hello everyone, I am Panda Brother, and what I want to talk about today is quite important.
This relates to everyone's immediate interests. I haven't used indicator charts, just naked candlesticks.
It's not complicated, you will definitely understand why I am bearish and how the bearish trend came about.
If you like me and find what I say useful, please follow me.
The red box on this daily chart represents the historical market center, which in simple terms is the previous consolidation range, while the yellow center represents the current range of the past few days. What do you notice? Does it feel like these two market centers are somewhat similar? Yes, that's right, they are indeed similar because they come from the same source. Now, the upper red box is pressing down on the current market. Do you know why? Are you just blindly thinking? Why has the market been focusing on the small amounts of money you have in your pockets these past few days? Let me tell you what’s going on. The upper red area is a resistance level, and the people in this part are currently in a trapped state. As it rises, if this center breaks through, it will head towards 100K. What are you thinking? Still bullish? If it goes up, will the ones who got in early make money and help the trapped investors above break even? Why does the yellow box drop as soon as it reaches the top? Because the major institutions have placed a large number of orders or bots are controlling the market price at that level, preventing it from rising. The dominant force in this market is the institutions. The reason for the sideways movement is that there isn’t enough fuel. In simple terms, the major force thinks that the number of bulls getting in is not satisfactory yet and is waiting for more people to enter. If you analyze this, how do you think the upcoming market will behave, or how will it drop? Let me tell you. When the fuel meets the conditions, it will not consider the time or news and will immediately break through the current yellow center box without giving you a chance to react, trapping the people inside the box first, and then it will start to oscillate down slowly, with some rebounds in between, but it won’t let those inside the center break even. The people inside the center will become more and more trapped. If you have doubts, please remember me. When that day comes, look back at this article.
