Morning Analysis
From the 4-hour cycle perspective, the price rebound tested the middle band of Bollinger Bands but faced pressure and quickly pulled back. The Bollinger Bands are opening downward, and the downtrend channel has officially opened. This round of rebound breakthrough has failed. Short-term moving averages have formed a death cross and continue to diverge downward, bearish arrangement structure is confirmed, and price remains pressured below the moving averages with significant suppressive effect.
After the MACD formed a death cross at high levels, bearish momentum gradually incre
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