It is customary to trade at the edges of the consolidation range rather than within it.
Breaking above 2400 requires positive catalysts; the most likely scenarios are either Trump falsifying data or an early end to the Middle Eastern oil war involving Iran. Reaching 1500 is the level associated with a bear market; macroeconomic bearish signals have been persistent. The bottom is the result, but there will inevitably be phased rebounds to cultivate liquidity during the process. Short-term fluctuations between 2100 and 1900 suggest short-term trading strategies: short above 2100, long below 1900. Positions should be small, limited to initial positions only. This is the dividing line↓ 2400 ------ 2100 1900 ------ 1500
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It is customary to trade at the edges of the consolidation range rather than within it.
Breaking above 2400 requires positive catalysts; the most likely scenarios are either Trump falsifying data or an early end to the Middle Eastern oil war involving Iran.
Reaching 1500 is the level associated with a bear market; macroeconomic bearish signals have been persistent. The bottom is the result, but there will inevitably be phased rebounds to cultivate liquidity during the process.
Short-term fluctuations between 2100 and 1900 suggest short-term trading strategies: short above 2100, long below 1900.
Positions should be small, limited to initial positions only.
This is the dividing line↓
2400
------
2100
1900
------
1500