4-Hour Market Analysis
After the price surged to 2,788.88, it began to pull back and is currently forming a double top structure. The MACD has also shown a death cross, and the energy bars have turned green, indicating that bullish strength is weakening and bearish forces are starting to gain momentum.
Currently oscillating around 2,520. If it can break below the 2510-2480 support zone and the MACD death cross does not reverse, the downward trend may continue.
Support level: 2510-2480 (breaking below here may accelerate the decline)
Target level: 2450-2400
Defense: 2550
