BOME:

The daily rebound has peaked, and the market has officially turned bearish

The purple dot appeared yesterday, marking a bearish buy signal, indicating that the market will continue to fall.

The key focus today is around 0.009434. If the price fails to break through this level, a correction may occur and the market trend will turn downward. In addition, the number of first-time unemployment claims in the United States exceeded expectations, which also added to the negative sentiment in the market.

The expected target prices are around 0.008680, 0.007987 and 0.007525.

It is recommended to set the stop loss at the previous high of 0.010913 to control the risk.