Today's Thoughts! Daily Level Signal: Price has broken below the key support at 1600 (200-day moving average + Fibonacci 61.8% level), MACD death cross accelerates downward, RSI has dropped to 40, and the bearish pattern is clear.

4-Hour Level Signal: Price rebounded from 1551 to 1575, but trading volume has shrunk (volume is only 40% of the downtrend), forming a 'volume-less rebound', need to be cautious of the risk of a second bottom.

Indicator Conflict: KDJ is stagnated in the oversold zone (J value < 20), MACD histogram is close to the zero axis, short-term bulls and bears are at a standstill, direction needs volume confirmation.

Support Level: 1520 Resistance Level: 1633

Operation Suggestions

Bullish: Enter when the price stabilizes at 1590 Target: 1650

Bearish: Enter when the price breaks below 1530 Target: 1480