High volatility
Clearly both bulls and bears can operate
Just two points
Bears look at the resistance level of 108,000. This position, as shown in Chart 1, is the last line of defense for the bears at the previous round's high point on the daily level. If this position is broken, it will likely reach 110,000.
Bulls look at 101,000. This position is the lower edge of the range, and it is also the resonance point of the current upward trend line. The 4-hour MA120 and the daily MA20 are now both at this position. If it drops below this position in the next couple of days, it can definitely be traded.
Final statement: Those who do not understand the positions should definitely not trade, especially chasing after rises or falls during an uptrend or downtrend. The probability of losing money in such cases is 90%.
Recently, I've seen many posts about liquidation, most of which are due to the above reason.
The volatility in the later stages of a bull market is significant, and one must protect their positions well.
