January 13 Morning Analysis

The current market has been firmly locked in by strong resistance above, with each rebound quickly reversing, indicating that the bullish forces are clearly insufficient. Market sentiment has completely shifted to the bearish side.

From the 1-hour chart, the price is repeatedly testing around the middle band of the Bollinger Bands, which serves as a critical dividing line. If this defensive line is broken, the bears will take full control of the situation, and the possibility of further short-term decline will continue to increase.

In this scenario, expecting rebounds to continue will only lead to frequent losses. There is no need to waver in trading strategies; maintaining a bearish outlook and following the trend is currently the most reliable and cost-effective approach.
Trading Suggestions
Short at around 91,500-92,000 on rebounds, with targets at 90,200-89,500; if broken downward, continue to watch 88,000.