The ASR-VC index is an analytical indicator that integrates factors such as the basis spread (stablecoin weighted) index, used for trading analysis in virtual currencies, etc. Below is an interpretation of its 4-hour channel status update:

• Middle track situation and rebound possibility: The middle track shows a breaking down situation but has not continued to decline, indicating that the market is relatively stuck in a tug-of-war between bulls and bears in the short term. If a rebound occurs tonight, it can be confirmed whether this breakdown is a temporary fluctuation or a trend change based on whether the price can return above the middle track. If the rebound successfully returns above the middle track, it indicates that the bulls still have a certain degree of control, and the market may continue to maintain the previous upward trend or enter consolidation. If the rebound fails, the breakdown may be further confirmed, and bearish forces may strengthen.

• Retracement phase and demand zone: If the price cannot return above the middle track, the situation may enter a retracement phase of the same level, and the pace may slow down. The price will gradually approach the green small block marked in the chart, which is the demand zone. The demand zone is a key price range, and when the price reaches this area, it may gain support due to a large number of buy orders intervening, slowing down or even reversing the downward trend.

• Middle track support and trend judgment: If the price can return to the middle track, it indicates that the support effect of the middle track is still valid, and this retracement fluctuation may temporarily end, allowing the market to return to a state where the bulls are dominant, with prices expected to continue moving upward. Overall, when the price is clearly above the middle track, the bulls are dominant, and the market may be in an upward trend or have further upward momentum; when the price is below the middle track, the bears are dominant, and the market may face downward pressure or be in a downward trend.

• Yellow line and cyan line interval fluctuations: When the overall channel tends to stabilize, pay attention to the interval fluctuations between the yellow line and the cyan line, indicating that there is currently no obvious directional trend in the short term, with the forces of bulls and bears relatively balanced, and prices fluctuating up and down within a certain range. Investors can look for short-term trading opportunities based on the crossing and divergence of the yellow line and the cyan line, combined with other indicators.