June 24 Morning Operation Analysis
The 4-hour K-line pattern shows a typical sideways consolidation. This stage is often a key point for both bulls and bears to accumulate strength. The current position of the 4-hour Bollinger Band middle line serves as the "bull-bear dividing line" in a volatile market. If the price rebounds but cannot hold above the middle line, the weak pattern will continue, and it may even trigger a new round of decline. The continuous death cross, which has been below the zero axis for 8 periods, indicates that the short-term downward trend remains unchanged. Although the histogram is in the negative range, it has been continuously shrinking recently, suggesting that bearish momentum is waning. However, there has not yet been a "bottom divergence" signal where the price makes a new low while the MACD histogram rises, so it is too early to determine a reversal. If the subsequent histogram expands downwards again, the bears will resume their attack; conversely, if the histogram narrows for two consecutive days and the price breaks through 106,000, it may trigger a bullish counterattack.
Short Position: If the price falls below 1031, and the MACD histogram accelerates downwards again, forming a "double bottom" pattern, it is recommended to target 1014-998 with a stop loss at 1045.
Long Position: If the price breaks through 106 with volume and holds the 4-hour closing price, with the MACD histogram narrowing for two consecutive days, it is recommended to cautiously try a long position between 1058-106, with a take profit of 108-104 and a stop loss at 104. If it falls below 104,000, exit decisively to avoid deep losses, as this could be a continuation of a downward trend.
Check my personal profile!
