After the previous peak around 4478, a rapid decline occurred, reaching a low of 4351, followed by a period of low-level oscillation and repair. The Bollinger Bands clearly open downwards, and the price is generally running below the middle band, indicating that the bearish trend has not yet ended.

Although there has been a short-term rebound, this wave of increase is more of a correction after the decline, rather than a reversal. The rebound is already close to the upper middle band of Bollinger, and there is significant resistance around 4415-4420. Therefore, the trend remains bearish, and the rebound provides an opportunity for shorts.

A short position can be taken near 4415, targeting 4380-4365.

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