The four-hour chart remains in a perfect bearish alignment: EMA7 (1566), EMA25 (1597), EMA99 (1628), and EMA200 (1588), with three lines exerting pressure, while the price struggles only around EMA7—the medium-term trend has not reversed. However, shorter timeframes are recovering: the one-hour EMA7/25 (1567/1564) have been reclaimed, and the 15-minute EMAs are in a fully bullish alignment (1570/1566/1559/1552). Open interest surged 21% over the past week to 12.61 million contracts—funds aggressively entered to buy the dip during the plunge, while longs and shorts changed hands intensely between 1550 and 1587. Key levels: resistance at 1578 to 1587 (daily EMA99 plus the two-day swing-high zone), 1597 (4h EMA25), 1605 to 1613 (daily EMA25/7), and 1628 to 1635 (4h EMA99 plus the 9/11 lows); support at 1564 to 1566 (the one-hour double moving averages), 1551 (daily EMA200), 1543 to 1549 (swing-low zone), and 1508 (the sharp-drop low on 9/14, the lifeline).

Trade plan (buy the dip at the daily lifeline):
Place a long order at 1552±5 (daily EMA200 at 1551 plus the support zone), set a stop-loss at 1538 (below the swing low of 1543), take profit by reducing the position 30% at 1579 and another 30% at 1605, and close the entire position at 1633;