Yesterday, the big pie fluctuated little during the day, and then it plunged directly from 89800, rebounding slightly to around 85000 at its lowest, a total drop of nearly 5000 points. Now it is fluctuating around 86000. Friends who followed me to布局空单 (short positions) have firmly captured this wave of decline, making precise profits again!
From a technical perspective, on the 4-hour chart, the price has broken below the lower Bollinger Band, with the Bollinger Bands opening downwards. After breaking, there hasn't been much of a rebound and it has been continuously suppressed by the lower band; the MACD dead cross continues, with green momentum increasing, and the bears are still gaining strength; although the KDJ is oversold, it hasn't formed a rebound signal, and the short-term rebound strength is limited. We need to be alert for further declines.
It is suggested to short around the targets: 87200 and 87700, with the initial target at 85000, and if it breaks, then look at 83700.
