Judging from Bitcoin’s rebound last week in terms of price action and momentum, although DYI—Dogou does show a rebound move, the actual rebound momentum is not very strong.



So last week’s rebound should be viewed more as a technical rebound driven by oversold conditions. In the short term, don’t place too much expectation on the space and time for the rebound to continue. #现货黄金站上4200
GLDX0.88%
PAXG-0.35%
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SudoSatoshi
· 13h ago
The pressure at the 4200 level is significant; longs should be cautious.
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OldBlackVelvetKey
· 14h ago
The oversold rebound is just a rebound, the trend hasn't reversed. For spot gold, chasing longs at this level carries more risk than opportunity.
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SushiStopLoss
· 14h ago
Last week's rally was more like a dead cat bounce, its sustainability is questionable.
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GateUser-470bc925
· 14h ago
The rebound momentum is indeed weak, mainly wait and see.
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GateUser-4eae4cef
· 14h ago
It's just a technical fix, don't get carried away.
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