The current price is consolidating in the 2920–2960 range. Trading volume has significantly decreased, and the selling pressure has largely been released. The MACD is in the late stage of bearish decay but has not yet formed a strong bullish trend. The RSI has rebounded from extreme oversold levels to 40–50, with market sentiment shifting from panic to wait-and-see. In the short term, avoid chasing; both bulls and bears should wait for confirmation. The trend will mainly follow the range.
There are no new "substantial negative news" at the moment; it appears more like a concentrated clearing a