Wednesday Yifan 3.25 Morning Analysis

Short-term bearish sentiment remains dominant. The current rebound is merely a technical correction within the downtrend, and no clear reversal uptrend signals have emerged on the chart. The trend of continuous decline has not been broken. Since the price pullback from highs, it has continued to weaken, with the moving average system fully diverging downward and forming resistance. Short-selling pressure continues to strengthen, with rebounds encountering obstacles multiple times at key resistance levels. Upward momentum has completely exhausted. On the 4-hour timeframe, the price is running within a clear downtrend channel, continuously suppressed by the moving average system, with weak rebound strength. Price touches resistance and quickly falls back, exhibiting typical bull-trap characteristics. In terms of volume, trading volume significantly expanded during the downtrend phase, while volume clearly contracted during rebound phases, lacking follow-up capital flow. The sustainability of rebounds is questionable, and the bearish trend will continue.

Operationally, when price rebounds to the 71800-72500 range, consider building short positions in tranches. First target level around 70500, second target level at 69300.