“The current “Evident Bing” market is showing that short-term sentiment has been concentratedly released; the short-term downside has been severely overextended. The price quickly probes lower in the short term, and the market shows clear oversold conditions.



The market’s panic selling pressure has been fully exhausted in a single burst in the short term, so there is a strong technical rebound demand for the short term. Therefore, for short-term operations, the main approach is to go long at lows.

Looking at the medium- to long-term again, the overall downward pace has already clearly slowed. The bears are running out of follow-through, making it difficult to once again trigger a new round of heavy sell-off. Downside room is being continuously compressed, and support at lower levels is being strengthened. As long as the short-term sentiment sees a repair, the rebound trend will gradually unfold.

Trading suggestion: Aggressive traders should go long directly at the current price; for more steady traders, go long around 1550-1520, aiming to 1600-1630. If the price breaks down through 1660 and 1700.
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LinranFinance
· 2h ago
Just go for it 👊
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