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It's only Wednesday today, and there is still enough time to continue the trend.
The key is to pay attention to the Federal Reserve's stance tonight; this won't have the lag effect like Japan's interest rate decision.
If the stance is hawkish, it will immediately impact the market, showing as a "piercing" candle.
But similarly, if Waller changes his previous hawkish remarks (which is unlikely), we could also see a "big green bar."
However, this is all emotional trading; regardless, there will be no rate hike this year, at most the originally planned 25 basis points.
Whether there are more, Q2 is definitely not a time for rate cuts, and the market won't be expecting that.
It's worth noting that the top is decreasing, like steps downward.
The potential support at 654 has been tested twice, and below 654 there's another at 650.
The resistance levels above are still 662, 663, and 668.
My advice is, if you didn't have chips at the previous low, there's no need to rush now.
Anyway, it's already "missed" it, and it doesn't matter if this is the only time at this halfway point.
There seems to be some news this Friday about the final signing of the US-Iran memorandum, which will adjust some details of the agreement.
Whether there will still be disputes, we don't know, but what is certain is that once signed, it's a positive.
No matter what, on that day, there will still be a "green bar," even if it's just a temporary emotional reaction.
In plain language, before the Sunday night line, you can buy on dips, but don’t keep the pattern going.
Take a rebound, take a swing, and exit when it's time.
Every time it rises for a few days, there are comments like "bull market fears high are the unlucky ones," but those spreading fud during the decline, "scaring" others—
Watching 50k, 40k, 30k, and claiming the industry is doomed—are the same people.
They don't call you to buy at the bottom, but spread anxiety at the halfway point, urging people to buy the dip.
They take a 1% gain with high leverage, post messages everywhere, and want the whole world to see.
If you listen to them, even mountains of gold and silver won't compensate for the losses.