Morning Analysis

Last night the market changed dramatically. The main currency first performed a "roller coaster" flight, a brief technical rebound like a flash in the pan, quickly engulfed by a surging wave of selling pressure. It plunged sharply with a one-sided downward momentum, and panic selling emotions spread across the market, ultimately bringing the main currency down to a stage level of 102600. Although it maintained oscillation afterward, the market atmosphere has been completely ignited. The secondary currency's trend followed closely, synchronously dropping to the 2450 mark before finally stopping📉.

Reviewing the day's trend, it first formed an intraday peak, followed by a second bottom probing to establish phase support. The main currency did manage to organize a counterattack, but 📈 the pace was obviously sluggish, with every recovery facing strong resistance from selling pressure. Observing the hourly chart, the main currency consistently moved back and forth within the Bollinger Bands.

It is worth noting that the daily candlestick of the main currency has continuously produced long upper shadows, indicating heavy selling pressure above; while 📉 during the process, the body of the candlesticks has been elongating, highlighting the dominant advantage of the sellers. Even if a rebound occurs, the bullish candlestick bodies are generally small and accompanied by upper shadows, reflecting insufficient momentum for the counterattack. Comprehensive analysis suggests that in the near future, the market will first accumulate strength in the bottom region, and after the selling pressure is rebalanced, there may be an opportunity to launch a new upward attack. During the Asian trading session, it is recommended to maintain a short-term mindset, as opportunities exist within the range for bottom-fishing operations in the box.

Self-contained stop loss

Main currency entry: around 102500-102000

Target: around 103700-104500

Secondary currency entry: around 2450-2420

Target: around 2530-2600