The formation of trends is not based on imagination, and the accumulation of profits is not reliant on luck! There may be mistakes, and there may be oversights, but these are all risks associated with trading, and risks can only be managed, not avoided.

Yesterday's price movement was relatively narrow and fluctuating compared to before. To be honest, our short position aimed to reach the 96,000 mark. Fans familiar with Jiang Wei's style should know that I primarily focus on medium to long-term strategies, and often I will secure several thousand in benefits for my fans. This was also the case with yesterday's short position. Although there was a 1,500 point fluctuation during the process, I did not exit, and now the price has rebounded, leading to some losses. However, it’s okay; I believe that in the next trend, Jiang Wei will achieve better results for everyone.

On the four-hour level, the price is currently maintaining a range-bound movement, with resistance at the 98,500 mark. We will see if there is an effective breakthrough during the day. If it does not break, the price will continue to oscillate within the Bollinger Bands. If it breaks through the resistance, the price will inevitably return to 100,000. However, looking at the larger weekly K-line, the overall trend still leans towards bearish. The MACD is starting to expand, and the fast and slow lines have formed a death cross. Personally, I believe that any rebound presents an opportunity for a short position.

Currently, the first phase of resistance is at the 98,500 mark, where we can prepare for a bearish outlook. If it breaks, we will prepare for a second phase short position near 100,000, looking down in batches to the 95,800 mark. If it continues to break down, we will look at around 92,000. This is the recent long-term strategy.

Follow Jiang Wei's public account; the only way to relieve worries is through Jiang Wei.

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