From a technical perspective, this round of decline found effective support at the Fibonacci 0.5 key retracement level, followed by a rebound forming a clear upward wave, with the lows continuously raised and the highs also constantly refreshed. The current price has approached the horizontal resistance zone formed by the previous high, while the MACD bullish momentum bars show signs of weakening, and the RSI is approaching the overbought line at 70, indicating that short-term selling pressure may increase. In terms of operation, one-third of the position has been taken profit to lock in gains, and the remaining position's stop-loss has been moved up to the entry cost line to achieve a risk-free hold. Next, focus on the K-line reaction near the previous high; if signs of stagnation or reversal appear (such as bearish engulfing or top divergence), it will be an ideal entry point for shorting, with a high profit and loss ratio.
From a technical perspective, this round of decline found effective support at the Fibonacci 0.5 key retracement level, followed by a rebound forming a clear upward wave, with the lows continuously raised and the highs also constantly refreshed. The current price has approached the horizontal resistance zone formed by the previous high, while the MACD bullish momentum bars show signs of weakening, and the RSI is approaching the overbought line at 70, indicating that short-term selling pressure may increase. In terms of operation, one-third of the position has been taken profit to lock in gains, and the remaining position's stop-loss has been moved up to the entry cost line to achieve a risk-free hold. Next, focus on the K-line reaction near the previous high; if signs of stagnation or reversal appear (such as bearish engulfing or top divergence), it will be an ideal entry point for shorting, with a high profit and loss ratio.