The overall tone is a weak short-term rebound within a larger daily downtrend. The current condition is that today, two dips to 63,600 were both treated like mere wicks and fully pulled back; and since the 4-hour candle has been closing back and forth around the 63,900 line four times. Even now, the price is still stuck and moving sideways against 64,000, while trading volume has fallen to the lowest level in nearly 30 trading days. At 8:00 tomorrow morning, the daily and weekly candles will close at the same time—whether they can close back up without any new money entering will serve as the benchmark marker for next week’s market. If the daily closes above 63,800 and the weekly closes above 63,700, then “a two-consecutive-candles bullish pattern” is established. If the 4-hour candle closes below 63,600, then the subsequent retest will turn into a new downswing.

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