From the current price action perspective, although the main targets showed a relatively large-scale rebound correction during the night session, when comprehensively assessing the strength and cyclic dimension of the rebound, this does not meet the conditions necessary to support a sustained trend reversal.



On the 4-hour timeframe, although bullish candles have appeared and recovered some lost ground, the energy coordination is clearly insufficient, presenting a structure of volume contraction during the uptrend. This state typically struggles to evolve into sustained price movement. Currently, this should still be viewed as a small-level technical correction, not a signal of trend reversal.

Combined with observation of shorter timeframes, the price action shows a pattern of minor range-bound adjustment, with K-lines generally displaying long upper wicks and evident pressure near key price levels. Additionally, the previous decline has effectively broken through important support levels, further opening downside space, with no clear stabilization signals emerging in the near term. Comprehensively, we maintain our original bearish adjustment bias unchanged.

Intraday short-term:
70900-71600 southbound, first target 69900, second target 69000, third target 68800

2180-2210 southbound, first target 2135, second target 2115, third target 2090

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ZhangShuofeng'sScriptDiaryvip
· 6h ago

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