2026-6-30

Soon this month will be over, closing above 648 on the monthly chart is already "wishful thinking." The 1-hour chart is a mess again, only the 4-hour chart can barely be looked at, provided that the spot price holds above 591 and doesn't break down... The resistance level on the smaller time frame has dropped to 598, and 608 has formed a multiple top. Look at the terrifying monthly and weekly charts😂... Brothers, it's impossible not to be afraid, but as the saying goes, the bigger the waves, the more expensive the fish...
The non-farm payrolls on July 2 haven't arrived yet, but the storm clouds are already gathering. However, this really doesn't have much to do with the stock market. Look at the US stocks next door, look at us. The decline is still the result of continuous selling by those ETF "dads." I don't believe in infinite selling. If there is a volume-driven drop in early July, I will definitely go all in, even if just to catch a big oversold rebound.
The visible lower levels on the weekly chart are 550 (548) and 528 (517). It depends on where the volume surge occurs. If it starts around 590, the probability of stopping near 550 is low, and we'll probably have to look at around 530.
No matter how painful it gets, it will only last until mid-August. Before that, it's just about slowly accumulating chips. The current market is unfriendly to players who trade large swings, but it doesn't affect intraday traders.
In this kind of "dull knife" market that slowly cuts flesh, it's not just about vision and courage, but more about patience and faith.