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Analysis from 1-26 Afternoon
Last night's silent plunge shattered many bullish traders' hopes. Many people held onto the expectation of "bottoming out and rebounding," stubbornly holding on, only to be gradually consumed by the cold market. The market has never favor the weak; in the face of the trend, any counter-trend struggle is futile. Continuous decline is the most direct answer.
The technical indicators have already given clear bearish signals, with no ambiguity: bearish sentiment overwhelmingly dominates the market, with daily chart volume expanding downward, trading volume decreasing in tandem with price, and signs of capital fleeing are obvious; the MA moving average system shows a bearish alignment, the MACD indicator has a death cross that continues to diverge downward, and all cycle indicators are collectively turning downward, with no dissent. Only the power of the trend is leading the market. The outlook remains bearish!
Trading Suggestions
Short at 88300-88600 zone, target near 86500-87000, long-term at 85000-84000