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Do not let short-term fluctuations influence your emotions; the market will always have volatility, and prices will rise and fall. Maintain a calm trading mindset, avoid greed for extreme profits at the top, and do not panic during short-term dips. Follow the trend and adopt a steady approach; profits will naturally come as expected.
Yesterday, the market dipped to a low of 78,713, and rose to a high of 81,268. After oscillating within this high range, the bearish force concentrated and increased selling volume, with a large bearish candle directly breaking through the middle band of the Bollinger Bands as strong support, sharply breaking below the 80,000 psychological level. After a deep retracement to the intraday low of 78,713, a slight weak rebound and correction began, with the current quote around 79,754.
From the 4-hour chart perspective, the price is still under pressure below the middle Bollinger Band at 80,492. The Bollinger channel is opening downward, indicating a fully dominant medium-term bearish trend; the KDJ indicator's three lines are at low levels and have just turned slightly golden cross, only driving a short-term weak rebound, with insufficient bullish momentum.
The current market primarily shows a weak oscillation and rebound correction, with the first strong resistance at the 80,000 psychological level, and a strong resistance zone between 80,400 and 80,800. The rebound has failed to stabilize above 80,000, maintaining a core strategy of mainly high-level short positions.
If the price retraces again and breaks below the previous low of 78,700, a new deep downward trend will begin. Only if the price volume increases again and stabilizes above the middle Bollinger Band at 80,800 will the current bearish downtrend see a phased reversal.