8:30 Midnight Ether:

The four-hour level shows that the market is testing the support of the lower Bollinger Band after forming a strong breakout, with lower lows continuously being established, and the bearish candlestick body is full and powerful.

This undoubtedly reinforces the clarity of the downward trend, and it is highly likely that the lower lows will be refreshed again in the future.

From the one-hour level, after experiencing a continuous series of bearish declines, the market has rebounded somewhat, but the strength and persistence of the rebound are clearly insufficient, and the outlook remains bearish for the short term.

Short positions near 4370–4400, with a target focus on 4250

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