May 4th Xiaoyue Crude Oil Analysis



After facing resistance at high levels earlier, crude oil experienced a rapid decline, with the lowest dropping to around 98.64, a significant drop, and the bearish selling pressure was temporarily released. The subsequent rebound was only a weak correction, and once the price returned above 101, it clearly lost momentum, failing to break through the previous downward pressure zone, indicating that selling pressure remains heavy above and buyers are insufficient. Overall, this rebound appears more like a technical retracement during a decline rather than a trend reversal, and the bearish dominance has not been broken, so there is still a short-term risk of further weakening and decline. #原油 #美国寻求战略比特币储备
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