The hourly structure of Erbing has become very clear. The previous high around 3177 surged and then retreated, typical of a false bullish move followed by weakness. Subsequently, the price has broken through the middle Bollinger band and is currently operating in the lower middle band area, with the overall focus continuously shifting downward. The rebound volume is inadequate, indicating a significant lack of bullish support; essentially, it is a weak repair rather than a trend reversal.
Currently, after a quick dip near 2789, a slight sideways movement has appeared, but this is a technical buffer after the decline, not a stabilization signal. Before the price re-establishes above the middle band, the bears still hold the initiative.
The operational thinking is very simple; do not chase after the rebound, maintain a focus on shorting. Pay attention to the 2850-2880 area for potential resistance during short-term rebounds, and at that position, you can attempt to short in batches. First, look at the 2780 line below; if it breaks, continue to look down towards the 2720-2700 range. If unexpectedly strong, hold above 2900, short positions should be stopped out and observed.
This market relies not on courage, but on discipline. Following the structure is much more reliable than guessing bottoms and tops.
