Currently, the moving average systems across all timeframes are showing a bearish divergence. Coupled with a continuous decline in trading volume, there is insufficient support for the price, significantly increasing the risk of further downward movement in the future. Therefore, in terms of operations, one should follow the trend and patiently wait for the price to rebound near the resistance level before considering short positions.
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Currently, the moving average systems across all timeframes are showing a bearish divergence. Coupled with a continuous decline in trading volume, there is insufficient support for the price, significantly increasing the risk of further downward movement in the future. Therefore, in terms of operations, one should follow the trend and patiently wait for the price to rebound near the resistance level before considering short positions.
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