In the 4-hour timeframe, the market has rebounded with three consecutive bullish candles, but there is significant resistance above. The price has not effectively broken through the middle band of the Bollinger Bands, raising doubts about a complete market reversal. If the key resistance is not broken, the foundation for a short-term reversal is hard to establish.
On the hourly level, the market has slightly rebounded after three consecutive bearish candles, but the strength is weak, seeming like a technical correction during a downtrend, not a reversal signal. Overall, the market remains weak
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