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Today’s market is nothing short of a “massive chain liquidation scene”!
Look at this move—starting from that “ceiling” at 67292, it has just been in free fall the whole way. In the middle, did it ever try to play “sit-up” rebounds? Every time, the main force brutally pinned it to the ground and kept grinding it down. In the end, it directly smashed through with a “world-and-earth board” move—hitting a low of 59385! Now the current price is 61680. It looks like it caught its breath and printed a small bullish candle—don’t kid yourself, bro. This isn’t “selling pressure easing”—this is clearly a “downtrend continuation” digging a trap for you! Pure “bull-trap assassin.” Whoever grabs it is the one who ends up standing guard!
Now look at the two mountains overhead—MA7 (66213) and MA30 (64829). These two moving averages are now an unfeeling “meat grinder,” tightly pressing down and not letting it rise! The big bearish trend on the higher timeframe hasn’t changed at all. The bear army is firing at you relentlessly with Gatling energy!
The volume is even more hilarious: when it was dropping earlier, the down candles had massive volume—that was big money wildly “pulling out their buckets and running.” What about now during the rebound? The bullish candles only have a tiny sliver of volume. What does that tell you? It means the bottom-fishers down there are all “small fry,” and they can’t even catch a wave of this pouring wealth! Try to push up? The resistance is so heavy it could split your head open!
Alright, alright—pay attention. The core “script” is here:
The zone from 66213 to 64829 above is our “VIP cash machine”! As long as the price dares to bounce up into this area and prints a long upper shadow candle or a stalled/delayed bearish consolidation candle, don’t think twice—just short in batches! Stop loss? Place it directly above the 67292 historical high—steady as a rock, “like a veteran dog”!
How to take profit? For the dip to 61000, take off half to lock in gains first—eat some meat before anything else. If the K-line’s body dares to step on 61000, then the remaining position is basically “welded onto the car”—no turning back. The target is straight at the prior low of 59385, so the bears can fly a bit longer!
Where is support below? 61000 is the short-term “lifeline,” and 59385 is the “ancestral bottom line”! As long as 61000 breaks, there won’t be even a decent “bag holder” left below. It’ll just dump straight down without leaving you so much as a brake pad!
Remember: follow the trend is the way to go! Stop thinking about catching falling knives all the time. You think you’re bottom-fishing—while the main force thinks you’re handing out money! For this bearish primary upswing, we’ll just pull up a small stool, sit tight like a fisherman, and wait for the rebound to hit its mark—then sweep it all away in one go! Those who get it, get it. If you don’t, go check your liquidation records!