📈 Current Trend Analysis

Daily Level:

MA60 and MA144 are both in a bullish arrangement, the long-term trend remains upward;

However, currently there have been three consecutive days forming upper shadow + bearish candlestick combinations, indicating clear resistance at high levels;

MACD death cross is forming, red bars are shortening, momentum is weakening;

Today’s decline has increased volume, exceeding 8K in transaction volume, marking the highest recently, indicating concentrated capital outflow behavior.

1-Hour Chart Level:

A large bearish candlestick has directly broken through the previous high platform and MA60 support;

There is almost no effective support below, and bearish momentum is very strong;

MACD has quickly broken down, green bars are lengthening, and the decline is very obvious;

Current price is near a strong support area around 103000, but there are no obvious signs of a stop in decline.

🎯 Precise Trading Strategy

✅ Bearish Strategy (Recommended)

Entry Price: If it rebounds to the 104500 - 105000 range and fails to break through, a short position can be taken.

Stop Loss Level: 105700 (breakthrough structure + moving average band)

First Take Profit Level: 102800

Second Take Profit Level: 101500

⛔️ Bullish Strategy (Cautious Observation)

Prerequisite: Need to see a stop in decline signal in the 102500~103000 range, and a volume Pin Bar or engulfing bullish candlestick must appear.

Otherwise, it is not recommended to chase rebounds currently, as it may continue to plunge and trigger stop losses.