On the 4-hour chart, the original trend has been broken. The previous viewpoint that as long as the price does not fall below 99500, the trend will continue is no longer applicable and has been negated by the actual market situation.
Starting from the position marked by the pink dot, a downward trend has emerged in the market, indicating the formation of a new wave of downward drive. This new downward wave has enough momentum and may break below the previous point C. If the subsequent rebound fails to reclaim the key level of 99500, the market is likely to continue its downward trend.
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