Exploring the mysteries of wave theory, predicting future market trends.



The following views are for reference only. The market involves risks; investment requires caution.

08:08
Last night, after repeatedly testing the 62624 support level and holding steady, the market continued to rebound upward following the U.S. stock market, reaching a high of 63475 before pulling back, then oscillating narrowly in the 63392–63144 range. With an upward volume-price divergence, the subsequent upside space is limited. The risk of chasing long positions is far greater than the opportunity for shorting. On the 60-minute K-line, there is still one more wave of upward momentum. Upside resistance levels are at 63680, 65862, 64218, and 64729. Above 65000 is an ultra-high-risk zone. For the downside, continue to watch the 62624 support level. If it breaks, the next target is 61300.

Market structure: C4-1
Market trend: Bearish
Trading principle: Wait for an opportunity to short when price quickly surges and fails to break above resistance.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
WavesLegend
· 13h ago
Correct the above resistance level 65862 was written wrong, should be 63862.
View OriginalReply0
GoodLuckContinuesToCome.
· 15h ago
Just go for it 👊
View OriginalReply0
  • Pinned