Hourly cycle prices show a weak oscillating trend, with highs gradually moving lower and lows stabilizing. After quickly falling from the previous high of 477 to 4638, the rebound highs continue to decline, and bullish momentum keeps weakening.



Prices repeatedly find support around 4669-4670, and as long as the 4638 low is not broken, short-term support remains effective. Currently, this is a weak correction after a decline, not a trend reversal.

Trading reference

If the price stabilizes within the 4660-4675 range, consider going long with a target of 4700, and a break above to look for 4800;

If facing resistance around 4695-4710, consider short positions.
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