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Looking at today's trend, I guess many people are feeling quite exhausted. Sometimes it rebounds, sometimes it plunges, and the battle between bulls and bears is especially fierce.
Instead of just guessing blindly, it's better to look directly at what the technical indicators are saying. Open the candlestick chart, and the MACD yellow and white lines are still above the 0 axis, indicating that the overall trend hasn't completely broken down, and the bulls still have some resistance. At the same time, the trading volume has clearly increased, with large funds accumulating heavily at low levels. This is usually not a bad sign; it might actually mean that the main players are quietly accumulating.
But the key level is the 0.269 resistance line above. If it hasn't broken through, then anything said now is premature. In the short term, whether the 4-hour chart can hold above 0.23 is the dividing line. If volume can break through 0.25, then pushing towards 0.269 or even testing 0.296 is possible.
Conversely, if it falls below 0.23, the pressure will shift downward. The first support is around 0.198, and only in extreme cases might it test 0.154.
The logic behind this wave of market movement is very clear; it all depends on how the next few candlesticks develop. Short-term fluctuations are large, so you must keep a steady mindset.