Morning Analysis
Looking at the 1-hour cycle, price has experienced significant selling pressure from the highs, consecutively breaking through the lower Bollinger Band and multiple short-term moving average supports, with the short-term bearish trend fully established. Current market weakness shows a feeble rebound, with the entire rebound constrained by moving average resistance, continuous volume contraction, and the rebound lacking momentum support.
From an indicator perspective, while KDJ shows minor recovery, it continues to operate below the 50 midline without forming effective reversal
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