The price has reached the position of the current year, after a full six months. In the context of a strong bullish sentiment (the Federal Reserve has been speculating about interest rate cuts since the beginning of the year), the bulls seem to be rekindling, giving a very strong impression. This kind of trend deviates from normal thinking and is unhealthy!
Now, the technical aspects have too much lag. Looking at all the short-term indicators, there seems to be no reason to enter short positions. It's hard to convince oneself to go short, but this is only a short-term scenario. In the medium to long term, the wave segment should still be treated as bearish. Regardless of how much position one holds, the trend is clearly looking bearish. In the short term, the effects are not visible; a waterfall of ten thousand points might appear around the end of the month!
It's also not good to reach the high position of 2870 in early June. Previously, there was no optimism about surpassing 3000, and this time is the same!
In the position of price stagnation, subjective speculation shouldn't be made; the market's rise and fall rely entirely on market sentiment. It can be said that positions can be entered short above 111500, and the short-term trend allows for entry. The target for the bearish trend is 100,000!
The short-term bullish positions have not yet ended. For the strong trend of the big currency, one can wait for a reversal. Enter short above 0282, with a target for the bearish trend set at 2400!
Now, the technical aspects have too much lag. Looking at all the short-term indicators, there seems to be no reason to enter short positions. It's hard to convince oneself to go short, but this is only a short-term scenario. In the medium to long term, the wave segment should still be treated as bearish. Regardless of how much position one holds, the trend is clearly looking bearish. In the short term, the effects are not visible; a waterfall of ten thousand points might appear around the end of the month!
It's also not good to reach the high position of 2870 in early June. Previously, there was no optimism about surpassing 3000, and this time is the same!
In the position of price stagnation, subjective speculation shouldn't be made; the market's rise and fall rely entirely on market sentiment. It can be said that positions can be entered short above 111500, and the short-term trend allows for entry. The target for the bearish trend is 100,000!
The short-term bullish positions have not yet ended. For the strong trend of the big currency, one can wait for a reversal. Enter short above 0282, with a target for the bearish trend set at 2400!
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