6.20 Double Bottom Intraday Analysis

From the 4-hour technical pattern, the trend is clearly visible. On the 15th, it broke above the stage top of 1848, but since then it has entered a sustained range-bound decline. The overall bearish primary trend has already been locked in. From the current low of 1652, it has rebounded upward; this is merely a corrective rebound after the drop, not a reversal. The current price is 1727. The area above at 1740-1750 has turned from prior support into a strong resistance zone—this is the core entry point for going short today.

The trading volume during this rebound is clearly insufficient. The bullish push higher is gradually losing momentum, which is typical of a bull trap. When the rebound touches 1745-1750, enter a short position directly. The first target is 1700, and the second target is the recent new low at 1652.
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