Happy weekend! The plan for the day lies in the morning. The rising market has rapidly declined, and I don't know how many people have faced liquidation again. After yesterday's correction, the market has slightly rebounded, and some prices have stabilized. So, short-term trading opportunities have arrived.
The four-hour technical pattern shows that the Bollinger Bands are narrowing downwards, and the space above and below is gradually contracting. The price is currently running below the middle band. Based on the current signals, the price is testing the middle band at 108,000. As long as the price does not break above and stabilize this evening, it will likely continue to move in a fluctuating retracement pattern. Therefore, we will mainly look for bearish opportunities today.
The reference idea is to look for bearish positions around 108,000-108,300, with a target towards 105,500. The levels are for reference only; actual trading should be prioritized.
Follow the public account, "How to Relieve Worries, Only Jiang Wei."
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