Friends, I am Qi He. The market started to stir again in the evening, right? Did you see that 4-hour K-line, the white line stepping on the yellow line going up, the price stuck around 3248, looking up at 3405, and down at 3175, is your heart like a cat scratching? Don't worry, let me clarify things for you.
The news is both a bomb and an opportunity.
SEC15 meeting will be held to discuss monitoring and privacy. Every time the Americans hold such a meeting, the market tends to speculate wildly, and volatility increases. My judgment is that before the meeting, large funds may be cautious, which could suppress the height of a surge and even take the opportunity to wash the盘. But remember what Qi He said: short-term news disturbances do not change long-term trends. A drop, especially when close to key support levels, is actually an opportunity for those who haven't caught on yet.
Technical aspect:
It is very clear on the chart that the 4-hour line is generally climbing upwards. The most important signal is that the two lines of MACD are steadily standing above the 0 axis and have formed a golden cross. What does this indicate? It indicates that in the short term, the bulls still have the advantage, and the momentum has not dissipated. The first hurdle to rush through is the pressure level of 3405 above. If the market is strong tonight, with capital cooperation, touching or even briefly breaking through is possible.
Brothers who trade contracts, don't think that a golden cross is a panacea for blindly going long. Look, the price is still a distance away from the critical level of 3175 and the strong support at 2980 below. If the breakout at 3405 fails and profit-taking hits, it is completely reasonable to confirm the support at 3175 on the pullback.
Qi He's personal opinion:
I judge that the bottom at 2980 is a strong support, and this time it is very likely not to be touched, that is the last defense line. The main force's goal in washing the盘 is likely to make the price 'feel like it is about to collapse', but can quickly recover at key positions, leaving a long lower shadow to complete the final cleaning.
Before the real storm, it is often unusually calm. And before a true breakout, it is often accompanied by one last violent shake. From tonight to tomorrow, keep a close eye on the contest between bulls and bears at the two positions of 3248 and 3175, and see how the main force 'performs'.
How players should act:
For those with heavy positions: close to the pressure level of 3405, consider reducing a bit of the position to lock in some profits, and hold the rest for higher gains. Don’t always aim to sell at the highest point.
Want to catch up: absolutely do not chase high! Patience to wait for two opportunities: either wait for a strong breakout past 3405 and confirm on the pullback; or wait until it drops near 3175 or 2980, and appears to stabilize before gradually positioning.
For those trading contracts: it's simpler, as long as 3405 does not break, you can try a light short; if 3175 does not break on the pullback, you can try a light long. The core is to trade lightly, with stop losses, and if the direction is wrong, run quickly.
I am Qi He, an analyst who just wants to explain complex market conditions simply and thoroughly. If you find it useful, follow me, and together we will find a definite self in the fluctuating market. The greater the storm, the more valuable the fish. But the prerequisite is that your boat must be strong enough.
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