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Technical outlook: The bearish trend has not been broken, but oversold signals are dense
The 4-hour and daily moving averages are clearly arranged in a bearish order: MA7 < MA30 < MA120, and the ADX indicates the downtrend is still ongoing.
However, key reversal signals have appeared:
The 4-hour MACD shows a bullish divergence at the bottom, with prices hitting new lows but momentum recovering, and the daily CCI and WR are simultaneously entering oversold zones.
The trend remains bearish, but the downward momentum is weakening. A reversal window is approaching, but this does not mean an immediate reversal—more like "it can't fall anymore, but it hasn't gained strength to rise yet."