Weekly Level: Multiple indicators and moving averages are turning downward, and the weekly rebound strength is weakening, reducing the expectation of a rebound. The main trend remains bearish.
Daily Level: Although some indicators and moving averages are showing signs of turning, they are still weak. Trading volume has not increased, and the bearish trend remains dominant.
4-Hour Level: The price has broken below the short-term key moving averages. Although indicators are oversold, the downward momentum has not dissipated. The rebound is not a reversal; previous upward movements lacked effective follow-through and are considered false breakouts. The current rapid decline has triggered panic selling, intensifying the short-term downtrend. For intraday trading, it is still recommended to focus on shorting rebounds after rallies.
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Weekly Level: Multiple indicators and moving averages are turning downward, and the weekly rebound strength is weakening, reducing the expectation of a rebound. The main trend remains bearish.
Daily Level: Although some indicators and moving averages are showing signs of turning, they are still weak. Trading volume has not increased, and the bearish trend remains dominant.
4-Hour Level: The price has broken below the short-term key moving averages. Although indicators are oversold, the downward momentum has not dissipated. The rebound is not a reversal; previous upward movements lacked effective follow-through and are considered false breakouts. The current rapid decline has triggered panic selling, intensifying the short-term downtrend. For intraday trading, it is still recommended to focus on shorting rebounds after rallies.
Upper Resistance: 71500 - 72500
Lower Support: 67000 - 65000