Two paths corresponding to the dividing points

Path 1: Short covering, 4-hour death cross takes effect, price begins to decline

1. First confirmation signal: Break below 1781.55, and the 4-hour candlestick closes below this level, indicating the sideways structure is weakening, and a short position can be considered.
2. Second confirmation signal: Break through the dense buy support zone at 1762‑1751, with large buy orders losing hold, officially opening the downward space, with the first target at 1731.60, and further down near the 1700 range.

As long as the 1781‑1751 zone remains supported, the 4-hour bearish indicator will only stay dulled, making deep pullbacks unlikely.

Path 2: Bearish invalidation, market re-advances upward

1. First confirmation signal: Stabilize above 1815.00, with the 4-hour closing price above this resistance, invalidating the 4-hour death cross, and destroying the bearish structure.
2. Second confirmation signal: Re-touch the previous high at 1848.99, bulls regain control, and the oscillation pattern shifts to a continued upward trend.

Current trading approach

The current price is 1792, right in the middle of the range, with no clear direction for bulls or bears, making entry risk-reward unfavorable.

- Short: Wait until 1781 is broken before entering, do not short directly in the 1790‑1810 range, as it is prone to whipsaw losses.
- Long: Must wait for a break above 1815; otherwise, it remains a high-level consolidation with limited upward space.
- Watching is the best option at this stage, waiting for the price to break out of the range before following the trend.

This information is for reference only and does not constitute investment advice.

Do you want me to keep an eye on these critical points at 1781 and 1815 for you?