February 4 Consort Empress Dowager Thought Process
On the 4-hour chart, the price continues to move along the lower band of the Bollinger Bands, with the middle and upper bands turning downward simultaneously, indicating a typical bearish suppression pattern. The current rebound is merely a resistance-based correction after being oversold, with insufficient volume and lack of momentum for sustained upward attack.
Although the MACD shows a golden cross at a low level, the DIF and DEA are still in negative territory, indicating that this is only a short-term oversold correction and has not changed the bearish dominance. Coupled with recent net outflows of funds, market sentiment remains bearish.
Consort Empress Dowager Trading Suggestion: Rebound around 2290-2340, with a downside target near 2220-2100. If broken, continue to look lower.
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February 4 Consort Empress Dowager Thought Process
On the 4-hour chart, the price continues to move along the lower band of the Bollinger Bands, with the middle and upper bands turning downward simultaneously, indicating a typical bearish suppression pattern. The current rebound is merely a resistance-based correction after being oversold, with insufficient volume and lack of momentum for sustained upward attack.
Although the MACD shows a golden cross at a low level, the DIF and DEA are still in negative territory, indicating that this is only a short-term oversold correction and has not changed the bearish dominance. Coupled with recent net outflows of funds, market sentiment remains bearish.
Consort Empress Dowager Trading Suggestion: Rebound around 2290-2340, with a downside target near 2220-2100. If broken, continue to look lower.