It’s Saturday again, and the market trend is gradually slowing down. After a rebound to 975 yesterday, the price faced resistance, leading to a pullback of nearly 4,000 points. Yesterday was also a bearish sentiment throughout, and after a night of consolidation, the market still couldn't provide an effective reversal of the 4,000-point space. Overall, the trend is relatively weak, and the strategy continues to maintain a high-concentration approach.
Looking at the daily chart, the price has descended to the lower support area, where it has temporarily halted. While there has been a short-term rebound, its strength is relatively weak. From a long-term perspective, the bearish trend still has momentum, but there is a need for correction in the short term. Therefore, it is not advisable to aggressively pursue short positions right now to avoid hitting the floor. After all, we are currently at a 4-hour level, and a rebound action can be expected in the short term. Short positions can be arranged after the correction. A decline is anticipated to be observed on Sunday.
Looking at the daily chart, the price has descended to the lower support area, where it has temporarily halted. While there has been a short-term rebound, its strength is relatively weak. From a long-term perspective, the bearish trend still has momentum, but there is a need for correction in the short term. Therefore, it is not advisable to aggressively pursue short positions right now to avoid hitting the floor. After all, we are currently at a 4-hour level, and a rebound action can be expected in the short term. Short positions can be arranged after the correction. A decline is anticipated to be observed on Sunday.