June 22 Morning Thought Analysis

The daily chart shows a long upper shadow with a bullish candle, seemingly indicating a reversal, but in essence, it's a trap. The price was forcibly pulled back from outside the lower Bollinger Band, and the KDJ golden cross is merely a technical correction, while the MACD green bars are still expanding, indicating that the bearish momentum has not diminished—everything only suggests that the rebound does not change the downtrend. For those not yet entered, the rebound is an opportunity to set up short positions.

Switching to the 1-hour chart, the signals are clearer: the rebound momentum is obviously insufficient. Since the rebound from 87205, the price has been unable to effectively break through the 90000 level, with highs gradually declining, and buying strength continuously weakening. The MA7 and MA30 are both turning downward simultaneously, creating resistance, and each time the price briefly rises above the moving averages, it is quickly pushed back down—short-term momentum is now dominated by the bears. In summary: do not be fooled by false rallies; shorting is the clearest current follow-up direction.
Trading Suggestions
Short near 90500-91000 on the rebound, targeting 89200-88500; if broken, continue to watch for 8,800.