Last night was a trap for the bulls! Some people made a profit on their short positions, while others got buried in their long positions. How should we play today?
Last night’s market had the same rhythm:
During the day, it fluctuated upward, and in the evening, there was a spike to 2529. Just after breaking the high, it was pushed back down, a classic "washing out the shorts and killing the longs"!
Those who shorted around 2520, took profit at 2480, a perfect rhythm trade!
Today, don’t be aggressive! The price has now returned above 2480, and it feels very much like a washout, but don’t chase the highs or guess the top.
Remember two key points:
Upper resistance: 2530, if it doesn’t break, it’s a trap for the bulls.
Lower support: 2380, if it doesn’t break, it’s accumulation.
The market isn’t over yet; it’s not about the direction, but about the rhythm.
Don’t rush in; first, watch how the main players operate, and following the rhythm is the key to survival.
