Bearish control, beware of the squat! The critical support battle at 104600
Prices are deeply trapped in the bearish mire, and the fluctuations around 105988 are merely a continuation of the decline, with heavy downward pressure.
The MA death cross looms ominously, combined with classic bearish patterns like 'Three Black Crows' and 'Belt Hold Line', showing ample downward momentum, targeting the key support at 104600.
Although there are occasional fluctuations in trading volume, the overall trend is sluggish, revealing insufficient market confidence, making it difficult to stop the bears' advance.
Strictly control risks and follow the trend. Counter-trend 'bottom fishing' is like taking chestnuts from the fire; patiently observe the strength of the 104600 support.
The bear flags are flying, and the market is chilling! Prices are trapped near 105988, appearing to struggle, but in reality, the bear army is pressing in. The technical picture is bleak: the MA death cross sounds a harsh alarm, 'Three Black Crows' line up, and 'Belt Hold Line' chokes the throat, all indicating an increase in downside risk, with the key defense line at 104600 on shaky ground!
Trading volume is sluggish, like a battlefield in silence, exposing the collapse of bulls and a loss of confidence. Is it wise to catch a falling knife in this moment of headwinds? Absolutely not!
Wise choice
Risk aversion comes first. Strictly control positions and give up the fantasy of 'guessing the bottom'! Keep a close eye on the life-and-death line at 104600; once it is breached, a storm will arrive!
For holders, a rebound is a good opportunity to reduce positions, decisively retracting the front.
Wait patiently for a rebound to the resistance zone of 107000-108300, ready to strike precisely! But remember: set a stop-loss shield above 109000 to guard against surprise attacks.
Are you trapped? When to bottom fish? Still the same saying, if you're confused and helpless, don't know what to do, click on my avatar to follow me. I need fans, you need references; guesswork is not as good as following!
