After a long night, the situation has finally stabilized!
Bai Pan You Mi withdrew its short position on the Silk Road after confirmation in the evening, followed by positive news. Dou Kong made a few moves to clean up the market, and You Mi's bullish outlook on the Silk Road had to change direction and run away.
In the early morning, the bears brought down the volume, and after a quick adjustment on You Mi's side, it flipped the situation again.
Last night was a carnival for Kong Dan, and also a sleepless night for Dou Dan; I believe many people lost here. This is when the importance of real-time monitoring and professional operation can be reflected. It's not scary to be on the wrong direction; if you notice the trend is not right, turning around in time is still possible. What's frightening is if you keep chasing the wrong direction, then you can only wait for the explosion.
In the early morning, the hourly K-line chart showed a continuous drop of 6 consecutive bearish candles. The bears continued to test around 100333 before stopping, with a normal recovery above 102000 in the morning, indicating that the evening market's previous few days of fluctuation was aimed at cleaning out Dou Dan at the 100K-110K range.
Currently, from the four-hour level, a long lower shadow line appeared at the bottom, followed by two bullish candles in the morning, indicating short-term signs of a bullish comeback. After two consecutive days of bearish close at the daily level, a hammer line with a long lower shadow appeared, but today has yet to confirm the effectiveness of the reversal.
After a sharp drop in volume at the four-hour level, the volume during the upward phase in the morning decreased step by step, further indicating that this Dou Tou counterattack is just a normal market repair, and the bearish momentum still dominates.
The EMA double lines are still pointing downwards, the MACD histogram shows a bearish arrangement, and the DIF and DEA have continued to diverge after a death cross below the zero axis, but the MACD histogram is shrinking; a death cross occurred after a top divergence at the daily level.
The RSI has risen from the oversold zone to the neutral zone, showing three bottom divergences at the one-hour level. Currently, the position of 103500 has become the recent resistance, while the support at 100333 below is still uncertain.
The non-farm payroll will be announced in the evening; if the positive factors continue and the market rebounds, it is expected to return above 105000, indicating that the upward channel has not yet stopped. Conversely, if the market pulls back again, then 98000 will be the new support area, which would be a bit disappointing this month.
Currently, the two big players are still arguing, and there will be news support in the evening, making the situation tense.
In the afternoon, You Mi's short-term rebound on the empty Silk Road.
Big Cake 103000-103500, Kong looks to 101500-101800.
Aunt 2460-2480, Kong looks to 2400-2420.
