In the latter half of the night, the trend shows an intention to hold steady at $84,000. In the evening, attention will mainly be on the overhead resistance at $84,500.
Once it firmly holds at $84,000, and there is a successful body break with a close above $84,500, there is a strong possibility of drawing momentum again to challenge the prior resistance level at $86,000; therefore, this evening’s short positions should be handled with caution. At present, it is not recommended to go short. If there is a pullback, going long around $83,300–$83,000 would be a better choice.
Once it firmly holds at $84,000, and there is a successful body break with a close above $84,500, there is a strong possibility of drawing momentum again to challenge the prior resistance level at $86,000; therefore, this evening’s short positions should be handled with caution. At present, it is not recommended to go short. If there is a pullback, going long around $83,300–$83,000 would be a better choice.
