Afternoon thoughts:

The current K-line pattern of the market shows an obvious oscillating downward trend. After the sharp decline yesterday and the day before yesterday, the market sentiment is biased towards the short side. In the 4-hour cycle, the price fluctuated between 60,000 and 61,000, and tested the support near 60,500 many times. In terms of technical indicators, MACD is below the zero axis, DIF and DEA are both negative, and the MACD histogram is green, which shows that there is still a certain downward momentum in the short term.

The current RSI of the market is hovering around 40, which means that there may be a rebound. Looking at the trend indicators EMA7, 30 and 120, they all diverge downward. The short-term moving average EMA7 has repeatedly acted as resistance to suppress the upward price. It is necessary to pay close attention to the breakthrough of EMA7 to make decisions. In the 4-hour cycle, the trading volume gradually decreased, and the market was in a wait-and-see mood, waiting for new direction guidance; shorting at highs is enough.

For the afternoon big cake: around 61500-61800, looking at around 60800-60500.

For the afternoon second cake: around 2420-2440, looking at around 2390-2370. #6万保卫战 #9月美国CPI实现6连降