High-altitude profit-taking exceeds expectations, continue to hold short in the afternoon

Gold Digger Lao Mao
April 28, 2026

In the market, the power of the trend is always greater than the fluctuations of emotion. Instead of panic buying and selling, it’s better to follow the signals given by the market and steadily maintain your own rhythm.

The afternoon session continued the morning’s downward trend. Although the price slightly recovered after breaking below the lower Bollinger Band, the overall bearish pattern remains unchanged. The Bollinger Bands are opening downward, with the middle band under continuous pressure. The short-term rebound is only a oversold correction, not a trend reversal. The CCI remains in the deep oversold zone, with weak bullish strength, and overall market sentiment is bearish.

This morning, we set up short positions in the 4700~4710 range, targeting 4640. The lowest point touched was 4627, which has been completed and slightly exceeded the expected target. In the afternoon, the main strategy remains to go short at high levels, focusing on resistance in the 4650~4670 range. Support below is at 4620~4600. The overall trend remains unchanged. In terms of operation, pay attention to controlling position size and avoid chasing rallies or panic selling.

Disclaimer: The above content is for personal opinion sharing only and does not constitute any investment advice. The market carries risks; invest cautiously.