COW fell sharply, short-term rebound still needs to be cautious

The current COW quotation is 0.7462, and the 4-hour line fell by 10.65%. The short-term short-selling force is obvious, and the price has continuously fallen below multiple moving average supports.

• Support level: 0.7360, 0.7210

• Pressure level: 0.7800, 0.8200

If the price can hold the 0.7360 support, it may be expected to test the 0.7800 pressure level upward, but the rebound strength is limited. If it falls below 0.7360, the short-term target may point to 0.7210. Investors need to pay attention to changes in volume and carefully plan the rebound market.