Long-term trend

In the videos over the past two days, I have repeatedly mentioned that the bulls may encounter selling pressure at any time, and the miraculous moment has arrived. Under the verification of the large, medium, and small timeframes yesterday, the price of 43888 has indeed triggered a price decline. Although the current bearish selling pressure is just beginning to show, if a small bearish candle is drawn at the daily closing, it may not bring chills to the long positions of the large timeframes. However, for bearish retail traders, the current price undoubtedly presents a good opportunity for long-term shorting. This is the charm of trading. Before the dust settles, no one knows whether they will ultimately be the prey or the hunter.

Medium-term trend

In the medium-term market, we reminded everyone yesterday that the completion of the bearish 5-0 pattern near 43783 indicates that the price will subsequently decline. After a day of evolution, we found that the price not only experienced a decline but also broke below the bull-bear line of the 5-0 pattern. Although the process was tortuous, mature traders only look at the results. In the medium term, the probability of the price falling below 40000 again is relatively high. Patiently holding short positions is the best choice at the moment. I believe it won't be long before we reap the deserved fruits.

Short-term trend

On the short term, the continuously decreasing high points and the continuously setting of new lows have completely suppressed the seemingly volatile trend under the dominance of bearish sentiment in the medium and long term. Given the impact of the news, the market has not fully digested the direct ups and downs of emotions. Therefore, there may still be shocks in the short term during the day session, and we can see that the amplitude is gradually increasing over time. For short-term players, seeking entry at this time is like casting a net in the most turbulent waters. Whether the fish are valuable or not is unknown, but the boat may not necessarily be able to withstand it.

Patience is the first digit of the wealth code. Welcome to join the Rabbit community.

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