The resistance layers above the double bottom are stacked, and the rebound is limited under the dominance of bears: the previous high point on the weekly chart forms a strong resistance, and multiple attempts to break through have failed, with each rebound retreating more sharply, indicating strong bearish momentum.
On the four-hour chart, prices continue to oscillate downward at low levels, with Bollinger Bands opening downward, and prices moving along the lower band. The bearish momentum has not weakened, trading volume remains subdued, making it difficult to break through resistance. The rebounds are merely technical corrections and unlikely to change the downward trend.
Trading suggestion: Buy near 3130-3180, look down to 3000-2940-2900. If broken, continue to look lower; if not broken, follow the trend accordingly.
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The resistance layers above the double bottom are stacked, and the rebound is limited under the dominance of bears: the previous high point on the weekly chart forms a strong resistance, and multiple attempts to break through have failed, with each rebound retreating more sharply, indicating strong bearish momentum.
On the four-hour chart, prices continue to oscillate downward at low levels, with Bollinger Bands opening downward, and prices moving along the lower band. The bearish momentum has not weakened, trading volume remains subdued, making it difficult to break through resistance. The rebounds are merely technical corrections and unlikely to change the downward trend.
Trading suggestion: Buy near 3130-3180, look down to 3000-2940-2900. If broken, continue to look lower; if not broken, follow the trend accordingly.