1.14 Big Bulless Afternoon Thoughts

The daily chart of Big Bull has shown a violent surge from low levels, with the price once reaching around 96,800. However, the good times didn't last long; the rally was immediately met with selling pressure, and the price has now fallen back to around 94,800, oscillating repeatedly. On the previous trading day, a long upper shadow was formed—this is not a shakeout but a clear display of selling pressure at high levels. The capital outflow above is very obvious.
Switching to the 4-hour cycle, the structure is even more straightforward—rise, pullback, then a weak rebound. The highs cannot be effectively lifted, a typical pattern of strong rally followed by correction. The MACD histogram continues to shorten, with DIF and DEA rapidly converging. The bullish momentum is clearly waning, indicating that this is not a continuation of aggressive buying but a preparation for a pullback.
Although the daily chart remains in a bullish structure, the pace has clearly slowed down. EMA7 is still supporting the price from below, so short-term support still exists; however, EMA30 and EMA120, while maintaining a bullish arrangement, have already diverged significantly from the price, with a large deviation. Continuing to chase longs at this position carries much higher risk than potential reward.
In one sentence: the trend is not dead, but the sentiment is overheated; the structure is not broken, but a correction is highly probable. At this point, it’s not the time to blindly be bullish. The bullish side should be calm; the patient side should wait for a pullback.
Personal Suggestions
Big Bull: Short at 95200-95800, target lower at 94000, 93500; if broken, watch for 92000.
Bulless: Short at 3350-3380, target lower at 3300, 3250; if broken, watch for 3170!
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