From the four-hour chart, we can outline a clear high-level logic:
After the price rebound, it has already touched the upper Bollinger Band, and is currently facing resistance and pulling back. There is no momentum for the upper band to extend upward, indicating that the short-term upward space is significantly limited.
Aunt Empress Market Outlook: Rebound around 3010-3050, with a downside target of 2950-2850.
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January 29 Aunt Empress Market Outlook
From the four-hour chart, we can outline a clear high-level logic:
After the price rebound, it has already touched the upper Bollinger Band, and is currently facing resistance and pulling back. There is no momentum for the upper band to extend upward, indicating that the short-term upward space is significantly limited.
Aunt Empress Market Outlook: Rebound around 3010-3050, with a downside target of 2950-2850.