Today the US stock market is closed, trading is light, and overall volatility is low. From a technical perspective
The price on the 4-hour chart is below the middle band of the Bollinger Bands, showing a range of fluctuations. Both bulls and bears are repeatedly contesting in the support and resistance zones, with K-lines alternating between bullish and bearish.
Currently, the support below shows strength, but the resistance above is also evident, with multiple failed attempts to break through forming a short-term top. This pattern of oscillation with pressure above and support below is expected to continue in the current period. If there are no significant positive stimuli, bears may gradually dominate, and it is recommended to short at highs.


