From a four-hour perspective, the MA144 and MA169 moving averages form strong resistance, with prices continuously operating under the moving averages. The MACD indicator is in the bearish zone, showing only a weak rebound signal; the KDJ indicator is closely bonded at a low level, with no signs of a golden cross reversal yet.
The support at the 85000 level is precarious, compounded by macroeconomic and industry negative resonance, leading to a significant increase in short-term downward risk.
Operational suggestions (for reference only, strict stop-loss settings recommended): It is advised to short around 87200 and 88200, targeting lower at 86000 and 84300
