$YGG YGG Today's market analysis:
The market clearly shows a bearish trend in the 1-hour, 2-hour and 4-hour time frames.
Today's focus is on the price point near 0.4953. If the price continues to be below this, the bearish trend at the 4-hour level will continue.
In terms of downside targets, the first focus is on the three key price areas of 0.4831, 0.4776 and 0.4742.
For potential rebounds, we initially set the upper targets around 0.4989, 0.5015 and 0.5055. If the rebound fails to successfully break through any of the above prices, the market is expected to continue to maintain a downward trend.
It is recommended that short-term investors closely follow the market dynamics and flexibly respond to market changes to formulate appropriate trading strategies.
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