A short-term rally faced resistance near the middle Bollinger Band at 2328.02, then quickly pulled back. The Bollinger Bands shifted from opening upwards to gradually narrowing, with prices continuing to operate below the middle band. Currently, around 2314.68, the market is weak, and the short-term intra-day trend has shifted from weak consolidation to a pressure-driven decline.



From a capital perspective, the momentum from the previous rebound has diminished, with selling pressure at high levels continuing to release. The short-term bullish momentum has exhausted, and the 15-minute timeframe shows an ongoing bearish trend. This minor rebound is a continuation of the downtrend, representing a weak correction, with bears still dominating the market.

Trading suggestions: If the price encounters resistance and is pressured around the 2325-2330 range during a rebound, it is advisable to go south directly.
The first target is near 2300.
The second target is in the 2300-2250 range.
If the price stabilizes above 2330 and continues to increase volume, breaking through the middle Bollinger Band at 2328.02, it indicates a short-term bullish sentiment recovery. In this case, abandon the short position idea. If the breakout occurs without a significant pullback, consider moving north accordingly.

This open-minded approach is for reference only. Short-term volatility is rapid, so strict position control is essential.
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