The current market sentiment is approaching a critical point of collapse, and the trend has not stopped falling. The short-term outlook is weak. During trading hours, pay attention to the support around 108800-108500. A break below this level will test the downside at 106500-107000, which is also the previous stop loss point. The upper resistance is around 110000, where the support has been lost and converted to pressure. Right now, it’s better to observe and not rush to buy the dip; patiently wait for a clear direction. Currently, do not make too many operations with your holdings; manage your protection and observe the situation. If it hits the stop loss, there will be opportunities to make a comeback later.
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The current market sentiment is approaching a critical point of collapse, and the trend has not stopped falling. The short-term outlook is weak. During trading hours, pay attention to the support around 108800-108500. A break below this level will test the downside at 106500-107000, which is also the previous stop loss point. The upper resistance is around 110000, where the support has been lost and converted to pressure. Right now, it’s better to observe and not rush to buy the dip; patiently wait for a clear direction. Currently, do not make too many operations with your holdings; manage your protection and observe the situation. If it hits the stop loss, there will be opportunities to make a comeback later.