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Tuesday afternoon, Awei operated on Silk Road
On the 4-hour chart, after a doji, a large bearish candle followed, and the rebound was immediately pushed back down, indicating that the bears are still in control. The highs are continuously declining, and resistance above is getting stronger. The bulls have little strength left.
On the indicators, the KDJ has a death cross downward, and volume is also lagging behind, clearly showing short-term weakness.
Key levels: support at 66,200 below, as long as it holds, there will be oscillation; resistance at 68,500-69,000 above. If it rebounds to this level, it can be shorted, with a stop-loss above 70,000.
If it stabilizes above 69,000, then look at 71,000; but until a breakout occurs, the overall bias remains bearish. If it breaks below 66,200, close long positions promptly, as there is a risk of accelerated decline afterward.
Rebounds are opportunities to short, don’t chase highs.