Today is December 16th, 86000 here is both an opportunity and a risk. The major level cannot break below 81000, which is the position of last month's low. It is important to read the article I wrote below.
This morning, December 16th, the time has come to 85000,
At this moment, it is now 21:10 on the evening of December 16th, and the current quote is 87000. At this moment, the 30-minute and 15-minute charts are in a sideways bottom structure. If the smaller level can V-turn to 88000 USD, and then show a small pullback in the 5-minute and 15-minute charts without breaking 85000, the market will slowly start to improve through sideways consolidation.
However, the major level must not break below 81000, which is the previous low position; it cannot break, it cannot break, it cannot break, focus on this; the daily chart feels somewhat like a lack of downward momentum. In simple terms, even though there are opportunities, there are also risks. You can enter around 86000—87000, setting a stop loss at 85000, or setting a loss at 81000, which is the previous low position.
A rebound to around 88000 and 90000, followed by a pullback and then sideways consolidation, without breaking 85,000, will slowly improve the market.
If you feel unsafe and worry about instability, you can wait until it stabilizes above 90600 before making your decision. Can you understand what I am saying? If you can understand, please reply and leave a message.
