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Recently, this wave of market fluctuations has been repeatedly pulling in the high range, with the forces of bulls and bears clearly in a stalemate. From a short-term perspective, the Bollinger Bands still maintain a bullish arrangement and are gradually diverging upward, while the four-hour timeframe is undergoing a correction at a critical high point. However, the bottom lows have not shown a significant rise for a long time, which gives us a trading idea — consider testing the bears at high levels and wait for a downward correction to fill the gap.
Specifically, the 9.1500W region is a reasonable entry point, with the target looking towards the space between 9W and 8.9300. The risk-reward ratio in this range is quite good, and it’s worth paying attention to the subsequent trend confirmation.