Tonight's analysis of Erbing:
Based on the current market situation, the four-hour level shows that the market has formed a trend of four consecutive down candles, and the price has also strongly broken through the middle track of the Bollinger Bands. The momentum is continuously diverging, and all indicators are also synchronously extending downward. Overall, the trend has already entered a weak state. From the one-hour level, the market has given a rebound after two consecutive up candles but is once again under pressure to move down. The rhythm has clearly fallen into a weak category, and the rebound has not stirred any waves. The lower space has completely opened up, and the market trend is extremely strong. There are currently no signs of a bottom formation, so blindly trying to catch the bottom is not a wise choice. One should go with the trend and follow the market trend.
It is recommended to short around 3900-3920, targeting 3800-3850.
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