June 24 Morning Operation Analysis

The 4-hour candlestick pattern shows a typical consolidation. This stage is often a key point for both bulls and bears to build momentum.

The midline of the 4-hour Bollinger Bands is currently at this position, serving as the "dividing line" between bulls and bears in a volatile market. If the price rebounds but fails to hold above the midline, it will continue the weak trend and may even trigger a new round of decline. The persistent death cross, which has been below the zero axis for 8 cycles, indicates that the short-term downtrend remains unchanged. Although the histogram is in the negative range, the recent continuous decrease in volume suggests that bearish momentum is waning. However, there has not yet been a "bullish divergence" signal where the price makes a new low while the MACD histogram rises, so we cannot prematurely determine a reversal. If the histogram expands downwards again, the bears will restart their offensive; conversely, if the histogram narrows for two consecutive days and the price breaks through 106,000, it may trigger a bullish counterattack.

Short Selling: If the price breaks below 1031 and the MACD histogram accelerates downwards again, forming a "second bottom" pattern, it is recommended to target 1014-998 with a stop loss at 1045.

Going Long: If it breaks 106 with volume and holds the 4-hour closing price, and the MACD histogram narrows for two consecutive days, it is recommended to try going long with light positions at 1058-106, taking profit at 108-104, with a stop loss at 104. If it falls below 104,000, exit decisively to avoid being deeply trapped, as this is a continuation of the downtrend.