On the 4-hour chart, after the price sharply fell to 85563 points, there was a slight rebound, but the rebound strength was weak, showing a typical weak repair situation. From the BOLL perspective, the price has significantly fallen below the middle band and pierced the lower band, while the subsequent rebound failed to return above the lower band. The opening of the BOLL further confirms the medium-term short positions trend. In addition, the rebound process lacks support from higher trade volumes bullish line, and the slight warming of the price is merely a corrective action during the downward process.
Overall, in the short term, the major trend remains in a short positions pattern, and a weak Rebound is unlikely to reverse the current bearish situation. The price is likely to continue to decline and may even refresh the previous low points. #成长值抽奖赢iPhone17和周边
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
On the 4-hour chart, after the price sharply fell to 85563 points, there was a slight rebound, but the rebound strength was weak, showing a typical weak repair situation. From the BOLL perspective, the price has significantly fallen below the middle band and pierced the lower band, while the subsequent rebound failed to return above the lower band. The opening of the BOLL further confirms the medium-term short positions trend. In addition, the rebound process lacks support from higher trade volumes bullish line, and the slight warming of the price is merely a corrective action during the downward process.
Overall, in the short term, the major trend remains in a short positions pattern, and a weak Rebound is unlikely to reverse the current bearish situation. The price is likely to continue to decline and may even refresh the previous low points. #成长值抽奖赢iPhone17和周边