#TIA——1DAY is under pressure from the daily downtrend line, facing resistance and declining, with a 4-hour MACD divergence and a death cross at a high position.
Currently, the 4-hour candlestick is slowly rising, possibly digesting the selling pressure brought by the MACD divergence, but most likely influenced by the overall market.
Until the trend line is broken, the bearish outlook remains. Do not consider entering spot positions. Those with long positions at the bottom should pay attention to reducing their positions to prevent significant profit drawdown.
Bears should not rush to enter; first, have a bearish expectation.
Currently, there is no formation of a top reversal pattern; to form a reversal, it requires some time. The risk of touching the top on the left side is very high. It is advisable to wait for a bearish arrangement on the 1H chart or for a high-level consolidation near the trend line on the 4H chart before entering short positions.
