The current trend can be understood in two ways, and for now, there is no need to look at the daily chart or weekly chart.
Because there are contradictions between the arrangement of K-lines at two levels and the MACD.
So we can only influence the higher levels through the smaller levels. Currently, the MACD on the four-hour chart has already formed a death cross.
However, it has not yet reached the stage of significant volume. If there is an increase in volume, a rapid decline will ensue.
What we need to focus on now is whether it will drop directly or whether it will drop after a rebound.
If it is the first option, then the current price is a good position.
If it's the second option, then it can be done in two rounds.
For the first time, it is possible to consider a stop around 865 and empty to 840-838
Wait for the second rebound to around 88 to short again, I believe the monthly high will not be broken.
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The current trend can be understood in two ways, and for now, there is no need to look at the daily chart or weekly chart.
Because there are contradictions between the arrangement of K-lines at two levels and the MACD.
So we can only influence the higher levels through the smaller levels. Currently, the MACD on the four-hour chart has already formed a death cross.
However, it has not yet reached the stage of significant volume. If there is an increase in volume, a rapid decline will ensue.
What we need to focus on now is whether it will drop directly or whether it will drop after a rebound.
If it is the first option, then the current price is a good position.
If it's the second option, then it can be done in two rounds.
For the first time, it is possible to consider a stop around 865 and empty to 840-838
Wait for the second rebound to around 88 to short again, I believe the monthly high will not be broken.