August 3 Midday Analysis
After the morning opening, the market launched a fresh round of upward probing. Prices surged higher, breaking above the hourly line Bollinger upper band, with the high reaching around 637. In the morning, I clearly told everyone that this upward move is only a brief buildup; the overall room for upside is very limited. You must especially be on guard for a high pullback.
As expected, the market action fulfilled the hopes I shared earlier. After prices touched the high at 637, bullish momentum quickly weakened, sell pressure continued to release, and the market entered a continuous downward movement. The first support level at 630 that I gave you in advance has already been reached successfully. The current price is running at 628.
From the short-term structure, after the high false breakout and completed washout, the bearish trend has fully taken control. The downward momentum is still continuing; for now, there is no sign of an effective stop to the decline or stabilization. Don’t rush to bottom-fish and bet on a rebound in the short term. Keep the trend-following approach unchanged. Next, continue to watch for moves lower toward the 625–620 area, and focus on how strongly the support zone below can absorb price pressure. $NVDAB $AAPLB $MSFTB #美日2011年来首次联合干预日元 #日元急涨 #Coldcard暂停发货并销毁问题固件
After the morning opening, the market launched a fresh round of upward probing. Prices surged higher, breaking above the hourly line Bollinger upper band, with the high reaching around 637. In the morning, I clearly told everyone that this upward move is only a brief buildup; the overall room for upside is very limited. You must especially be on guard for a high pullback.
As expected, the market action fulfilled the hopes I shared earlier. After prices touched the high at 637, bullish momentum quickly weakened, sell pressure continued to release, and the market entered a continuous downward movement. The first support level at 630 that I gave you in advance has already been reached successfully. The current price is running at 628.
From the short-term structure, after the high false breakout and completed washout, the bearish trend has fully taken control. The downward momentum is still continuing; for now, there is no sign of an effective stop to the decline or stabilization. Don’t rush to bottom-fish and bet on a rebound in the short term. Keep the trend-following approach unchanged. Next, continue to watch for moves lower toward the 625–620 area, and focus on how strongly the support zone below can absorb price pressure. $NVDAB $AAPLB $MSFTB #美日2011年来首次联合干预日元 #日元急涨 #Coldcard暂停发货并销毁问题固件
