Is the SCR's bottom rebound a real turnaround or just a false signal? Understand the underlying bearish currents!
From the 4-hour chart perspective, SCR experienced a brief rebound after hitting the bottom support of the trend; however, this rebound is merely a temporary respite! Although the pressure from the MACD death cross has eased, the overall correction is small and trading volume is noticeably tepid. On-chain data shows an increase in selling volume, indicating that the bearish forces are still reluctant to exit!
In other words, while the bulls have support, they have not formed a strong breakthrough and are still struggling in the "bearish net". Observers need to carefully assess the bottom, as blindly entering the market may lead to ambush! What's the next step in positioning? Remember to follow Uncle Qian's market insights to uncover the truth!
