The daily line closed strongly again. When facing the support of the M neckline for the first time, it was quickly withdrawn. However, the second time, it quickly broke through the M neckline and penetrated directly, expressing the extreme weakness of the bulls. The long-term trend may not be ambiguous in the future. The determination of the bears to continue to output may bring about a major collapse at any time.
There is a need to retrace to the M neckline on the medium-term chart. It is necessary to confirm again that the M neckline support turns into resistance. Then there will be almost no possibility of a pullback to the high point near 70,000. If you want to short, it is safer to wait for the medium-term to enter a shock and retrace to the M neckline. However, whether this opportunity can be given depends on the mood of the bears.
Strategy 1: Those who want to take short positions can find positions by themselves, with the target at 62300 and 63400
Strategy 2: It is recommended to short in batches around 63300~63700, stop loss at 64200, and target around 58700
(The strategy is only a personal opinion, and profits and losses are at your own risk)
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