Congratulations on our big short position perfectly taking profit, as shown in the image 1.2. The point we provided the day before yesterday was 75200, and we also mentioned yesterday that the four-hour MACD had a top divergence, which greatly indicates a possible pullback to 70000-71000 to repair the indicators. We adjusted the take profit to 71000, and today it has been reached immediately. Recently, we have frequently made profits from high positions; it should be said that since confirming the bear market around 100000, the trend of big short positions has been just as we expected, and all previous posts can be verified. Friends passing by, hurry up and click to enter the Royal Research Institute chat room, there are some points prioritized to be put into the chat room.
Now let's look at the chart below, focusing on the daily level. Currently, we can see that there is support from the middle band of the Bollinger Bands and the yellow trend line below. We will see if it can hold; if it breaks, it will continue downward to the lower range of 65000-66000. If it holds and rebounds, it will be a good opportunity for a high short position.
Looking again at the chart below, the current trend is still as we have been discussing. The market is in a bear market, experiencing a five-wave decline, with the fourth wave in a rebound continuation structure (see the yellow area). The trend is slowly approaching the end of the fourth wave and the yellow resistance line. A significant drop in the fifth wave will come soon. Remain vigilant against bullish traps and maintain a high short strategy.
