$BEL BEL Today's Market Analysis:
In the 1-hour, 2-hour, and 4-hour time frames, the market is clearly in a bearish trend.
Today's focus should be on the price level around 1.0169; if the market stays below this level, the 4-hour timeframe will continue to maintain a bearish stance.
Downward targets in sequence are around the price areas of 0.9494--0.9249--0.8872.
If the market rebounds, the primary price targets to watch above are around 1.0261--1.0487--1.0852.
If the market rebound fails to break through the above three price points, the market will continue to maintain a bearish trend. Short-term traders are advised to closely monitor operations.
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