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The two-week four-hour cycle remains clearly arranged in a bearish order. The downtrend runs smoothly and steadily, and short-term rebounds still cannot change the overall weak pattern.
The market has repeatedly tried to push upward, but it has failed under heavy selling pressure each time, forming an obvious pattern of lower highs—this is a typical sign of healthy bearish trend continuation.
If the price rebounds again during the day, it is still a high-probability opportunity to go short. Because before the trend undergoes any fundamental change, the risk of a reversal against the trend is extremely high.
It is recommended to stay patient and wait to enter a short position after the rebound reaches a key resistance level, so you can follow the trend in a steady manner to capture profits. As for being aggressive, that’s another matter.
Trading suggestion: For aggressive traders, short directly at the current price of 2068. For conservative traders, short in the 2090-2120 area, looking down toward 2020-1990. If it breaks below 1950
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