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1.22 Midday Thoughts
From the current chart, the four-hour timeframe shows that after a brief rebound, the price is once again under pressure and falling. The middle band of the Bollinger Bands continues to move downward, forming strong resistance. Overall, the market exhibits a typical weak pattern, and short-term effective reversal signals are unlikely. The bears still dominate the market rhythm. It is recommended to short on rallies within the day.
Current stance: Range of 3050-3080, with a target around 2950.
Aggressive traders can enter in batches and set proper stop-loss levels.
#现货黄金再创新高 $ETH