Jiang Wei Analysis: The suggestion for the big pie tonight is to focus on short positions.

CN
5 days ago

Good evening! Time flies, and another week has quietly passed. Have you achieved your goals during this time? Recently, there has been a tug-of-war between bulls and bears. I have been positioning for a short at the upper level, and the gains have been quite substantial.

On the four-hour chart, the price is oscillating repeatedly within the Bollinger Bands, which are in a parallel opening state. The resistance above is at 85,700, and the support below is at 83,300. As long as these price levels hold, one can position for both long and short trades around these key points. Currently, the price is testing the middle band. If it breaks below, we may see a downward trend today, especially since the MACD bears are starting to diverge. Therefore, it is advisable to focus on short positions today.

For the evening, I suggest looking for bearish opportunities around the 85,000 level, with a target near 83,300. These levels are for reference only.

Follow our public account, for what can ease worries, only Jiang Wei can.

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