One sentence summary of current short-term market action: Currently at multi-空 balance point; if cannot break through effectively, will continue downtrend.



Indicators: 1D MACD death cross and short squeeze after 0-axis; 1D RSI death cross with bounce unable to break through;

Wave theory: Currently in a rebound against the 76---673 downtrend segment;

Fibonacci: Rebound has hit resistance exactly at 0.5 of overall downtrend segment;

Observation point: 71700, 4H, if 1D closes above this price, rebound will continue; otherwise, wait for this sharp rally's 4H indicators to digest, then downtrend will resume.
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