Based on the current four-hour chart, the market is operating near the lower band. Each dip followed by a rebound has only been a small correction, unable to expand the upward space. The current consolidation is just to repair oversold indicators. The hourly bearish trend pattern has already been established, with very weak rebound strength. The bulls lack enough momentum to reverse the currently weak market. After short-term consolidation and correction, there is still a high probability of further breakdown and downward movement. In terms of trading, focus on shorting on rebounds #我的Gate交易时刻 and avoid blindly bottom-fishing.

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