In the 4-hour timeframe, the price channel continues to narrow, the bearish volume is orderly arranged, the K-line entities continuously show increased downward movement, and the moving average system exhibits a downward divergence trend, indicating that bearish forces are still accumulating. Although short cycles show signs of bottoming and recovery, the overall pace is slow, and no clear reversal signal has yet appeared. The current market is still dominated by bears, and short-term rebounds are mostly technical corrections, making it difficult to form an effective reversal trend.

Sell near 3210-3250, target 3100

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