Today’s Concubine Thoughts and Analysis



After the Concubine touched the 2375.63 phase high point, it quickly pulled back and left a long upper shadow, forming a typical spike-top reversal. The subsequent rebound high points continued to trend lower; the bulls’ ability to hold up completely proved insufficient, which is a signal of a short-term “pump and dump.” It has already broken below multiple short-term support levels such as 2370 and 2368. Currently it is weakly consolidating around 2366; support has turned into resistance, and a descending channel has officially formed, with the bears dominating the trend. A rally to higher levels came with no volume, while the down move saw rising volume; the chasing-highs sentiment instantly cooled off. On the 1-minute timeframe, RSI and MACD weaken in sync, with bearish signals releasing in dense succession.

Trading Suggestions:
The Concubine is expected to watch the 2380-2390 range for a bounce. The first target is 2330-2310, and the core target is 2250-2220. With current market volatility intensifying, strictly control your position sizing.
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