As expected, the price rose first and then fell, reaching a high of 94,400 before starting to decline. It did not break yesterday's high of 94,500, which reflects the importance of yesterday's technical analysis. It was mentioned that the current strength is not sufficient and that breakthroughs are not so easy. The resistance zone to watch is 94,000-94,500. The first touch suggests a potential decline, and this view aligns with the trend logic!
However, the overnight news data led me to adopt a conservative approach. If there is a breakout upward, it would mean 96,000-97,000 is likely to be reached. Being cautious means relying on this point to watch for a decline. Overall, there was another opportunity during the day, and a corresponding gain was achieved. For short positions, it is necessary to act prudently! In conclusion, the outlook did not disappoint the fans. The price rose first and then fell, returning to around 89,000. You have to admit this!
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As expected, the price rose first and then fell, reaching a high of 94,400 before starting to decline. It did not break yesterday's high of 94,500, which reflects the importance of yesterday's technical analysis. It was mentioned that the current strength is not sufficient and that breakthroughs are not so easy. The resistance zone to watch is 94,000-94,500. The first touch suggests a potential decline, and this view aligns with the trend logic!
However, the overnight news data led me to adopt a conservative approach. If there is a breakout upward, it would mean 96,000-97,000 is likely to be reached. Being cautious means relying on this point to watch for a decline. Overall, there was another opportunity during the day, and a corresponding gain was achieved. For short positions, it is necessary to act prudently!
In conclusion, the outlook did not disappoint the fans. The price rose first and then fell, returning to around 89,000. You have to admit this!