1. Technical analysis breakdown
[1-hour analysis] - 'Rebound nearing its end, volume shrinking, selling pressure gradually increasing.'
BOLL indicator: The price has just pierced the upper band but has not stabilized; the Bollinger Bands overall are still narrowing, with no intention of sustained expansion.
Moving average system: MA5 > MA10, although short-term shows a bullish arrangement, the angle is relatively flat, and momentum is insufficient.
The short-term rebound is nearing its end, and the risk of price rising and falling is increasing. The hourly level tends to form a top rather than a breakthrough.
[4-hour analysis] - 'The downward channel has not been broken, and the bearish pattern remains unchanged.'
K-line structure: Long black line at high position engulfs, forming an M-top reversal pattern, currently testing the neck line area.
BOLL middle band: The price has not effectively stabilized at the middle band of 8.10 and has always been suppressed, with limited rebound space.
The medium-term bearish pattern is obvious, and the rebound is more of a trap for bulls; it is advisable to focus on short positions during the rebound.
