7.18 Wang Ye, Er Bing thinking

· Entry range: 1850 - 1870
· Defensive stop-loss: 1890 (if price breaks through the 4-hour Bollinger Band midline and the recent suppression level, then Kuan Dan exits)
· Take-profit targets:
· First target: 1750 (short-term pullback area after a break below the daily low)
· Second target: 1700 (downside space target after bearish continuation)
· Core logic: The daily candlestick closes as a doji, with long and short power roughly balanced in the short term, but the shrinking MACD red histogram suggests insufficient rebound momentum. The 4-hour Bollinger Bands keep tightening and price is trading below the midline; the 1-hour Bollinger Bands are opening downward and diverging, further strengthening the overall bearish structure. Current rebound strength is limited; the bearish-dominant pattern has not changed. With market activity sluggish, it’s difficult to form a reversal—so in the short term, maintain a trend-following bearish outlook.