The weekend has arrived again. The pancake has encountered obvious selling pressure after the previous rebound on the four-hour chart, and has fallen back into the lower Bollinger band area. Currently, it is trading below the middle band, and the overall structure remains weak and oscillating. A phase of support has formed around the previous low, but the rebound strength is limited, manifesting more as a correction after a decline rather than a trend reversal. Overall, the rhythm is still treated as a weak oscillation, and there are no conditions to chase the rise. Looking at the one-hour chart, after the decline, the trading volume has significantly shrunk, and the price is consolidating at a low level. In the short term, it has entered a stage of oscillation and digestion. The bearish momentum is weakening, but the bulls have not formed an effective follow-up, which is a typical consolidation after a decline. Currently, the one-hour chart is more inclined to range trading, and for an upward move, it needs to stabilize above the key resistance level with increased volume; otherwise, there is still the possibility of repeatedly testing the support below.
Overall, we still maintain a stance of not chasing rises and avoiding emotional trading. If there are suitable points, we will inform everyone at the first moment, so please be patient and wait for opportunities at the edge of the range. #美联储降息
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