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The current price action on the platform is still marked by weak consolidation and range-bound choppiness. It continues to repeatedly tug-of-war within the 62600-61300 range, and neither side on the long or short side has managed to further break the deadlock.
The rebound has consistently failed to stabilize effectively. The short-term bearish structure has not been changed; this ongoing consolidation is merely the buildup phase of a downtrend continuation. Traders can hold short positions patiently, and for the next phase the key focus is to watch the crucial support level at 61290.
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Rebounds have been unable to establish a foothold, and the short-term bearish structure remains unchanged. This consolidation is merely a rest and accumulation phase within a downward continuation. Short positions can be held patiently, with the next target focusing on the key defense line at 61290.
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