【Concubine Early Trading Trend Analysis】

1. K-line Pattern:

* Daily chart: On March 26, a large-volume bearish candle with a long lower shadow closed, breaking through multiple previous support levels, indicating strong bearish momentum. However, there is some buying support below.

* Hourly chart: After a sharp decline, recent candles (02:00) show a slight rebound, but with small bodies, and the 04:00 candle has a long upper shadow, indicating selling pressure above.

2. Technical Indicators:

* MACD: On the hourly chart, both DIF and DEA lines are deep below the zero line, indicating an overall downtrend. Recently, DIF crossed above DEA, and the MACD histogram turned positive, forming a short-term golden cross, suggesting a potential short-term rebound. However, caution is advised regarding its sustainability in a bear market.

* RSI: The hourly RSI once dropped to oversold levels (21.14), now rebounded to 35.89, moving out of oversold territory. This typically signals a short-term oversold bounce, but it has not entered a strong zone, indicating limited rebound momentum.

* EMA: Hourly EMA7 (2064.81), EMA30 (2099.63), and EMA120 (2129.48) are in a bearish alignment, with the price below all EMAs, clearly indicating a current downtrend. EMA30 and EMA120 will serve as important dynamic resistance levels.

3. Volume:

* Daily chart: The decline on March 26 was accompanied by high volume, confirming the validity of the downtrend and strong bearish force.

* Hourly chart: Recent declines involved increased volume (e.g., 01:00), while the current slight rebound has significantly reduced volume (e.g., 06:00 with only 1650), indicating the rebound lacks strong buying support and may be just a technical correction during the decline.