The market experienced a high and then a decline yesterday, with the 92200 resistance level under pressure, causing the price to quickly fall below the 90000 mark. Currently, it is trading sideways at a low level.
From a technical perspective, the four-hour K-line structure is converging, and after five consecutive bearish hourly candles, there is a cross star oscillation. The lower bound has support, but there is a lack of strength for a rebound. The KDJ signal suggests there is still room for a downward movement. After the morning closing of the US stock market, we will look for rebound opportunities. If you need to manage the rhythm, just contact me, Lin Ran.
Trading suggestions: Aggressive traders can short at the current price of 90120, while conservative traders can short near 90800-91400, looking down towards 88000-87200. If it breaks below, we will continue to look down.
