From a four-hour perspective, the previous MA5 and MA10 moving averages formed a death cross. After the price broke below the key support level of $2960, although the current RSI indicator has exited the extreme oversold range, there is a demand for technical correction, but the rebound strength is clearly limited. The lower Bollinger Band at $2830 constitutes potential support, while the middle band at $3020 serves as a strong resistance level in the short term. Overall, the market shows a downward oscillating consolidation pattern, and it is highly likely that we will still see a wave of bottom-seeking movement.
Personal suggestion, for reference only (strictly set defense)
Near 3000, see 3070 to add, target 2900, 2780
