Bearish pressure suppresses strong rebound, bulls still need timing
The big bullish candle momentarily made people think the trend was about to reverse, a trap set by bears.
The rebound from the bottom lacked momentum, with prices rising at the trend support level, but it was only a brief moment before quickly pulling back. The MACD death cross casts a shadow, technically, the death cross pattern firmly restricts the rebound space, with bearish forces continuing to dominate. Trading volume is not keeping up: the volume has noticeably shrunk, indicating that market funds are in a strong wait-and-see mood, leading to insufficient support for the rebound.
Recently, the bearish tone has been predominant; in such a market, patiently waiting for key support is the way to go!
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