In the 4-hour cycle, the characteristics of the head and shoulders are significantly dominant. After a midnight price spike, it quickly fell back, with the K-line turning from bullish to bearish, and the head and shoulders trend restarting its downward movement; previously, the bullish candle had a long upper shadow, indicating strong resistance above, and the rebound momentum is insufficient. After the price reached 110800 (coinciding with the midnight starting point), there was a slight rebound, which serves as a temporary support level, and its break validity needs to be monitored. On the MACD indicator, a death cross formed below the zero line between the fast and slow lines, with a brief rise that did not continue, indicating a lack of momentum. Currently, the head and shoulders still dominate, and the subsequent strategy continues to be 'rebound to short'.
