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Based on the current 1-hour chart, the Auntie has clearly faced resistance and pulled back after surging to 2088. The short-term rebound momentum is rapidly fading, and the price has returned to oscillate below 2020. This rally appears to be a short-term move driven by institutions leveraging news to push prices up and then offload, rather than a trend reversal—high-volume long shadows and shrinking trading volume indicate that bullish funds are gradually exiting, and market sentiment is shifting from exuberance to caution.
Technically, the price has broken below the short-term upward trendline and returned near the lower boundary of the previous consolidation zone. The MACD indicator has formed a death cross and is diverging downward, while the RSI has fallen from the overbought zone, further confirming the weak nature of the rebound. Currently, it is crucial to observe whether the 4-hour chart effectively breaks below the $2000 level. If it does, the downward space will accelerate. In the absence of sustained positive support, the market will gradually revert to fundamental logic, with selling pressure easing and prices likely declining slowly. It is recommended to short on rebounds to the 2040-2060 range, with a target around 1920.