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The bearish trend on the chart is set in stone and obvious at a glance! The current pathetic rebound is nothing compared to the pullbacks from previous rounds of heavy sell-offs; at best, it's just a breather on the way down. Trying to reverse the bearish trend is pure wishful thinking—I've said this over and over again. Those who understand the charts have already grasped the logic!
On the larger time frame, it's purely a weak recovery after the drop. The initial selling pressure was maxed out, and the short-term slight rebound is just a standard trap to lure in buyers—don't be fooled by this uptick. After the short-term surge, there's no strength to push for new highs; it's stuck grinding in a high range. It looks like the bulls have some momentum, but it's all illusory. The downward structure is fully formed, and the bearish pattern is completely established. Breaking down is just a matter of time. The current consolidation is just bears accumulating power and shaking out weak hands, waiting for a wave of heavy selling!
Don't get caught up in short-term minor fluctuations. Breaking down to the downside is the inevitable trend, with overwhelming probability in its favor! My morning strategy remains unchanged. On any rebound, go heavy on short positions, sit back and wait for profits as prices fall. Those who go against the trend to buy the dip will eventually be caught halfway down. Following the trend with short positions is the best way to steadily capitalize on the market!
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