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From the 4-hour chart structure perspective, although the previous consecutive down days are continuing, the downtrend slope has noticeably slowed. The bearish momentum is showing a gradual weakening characteristic, and the downtrend channel structure is being slowly repaired. The market is beginning to transition towards consolidation and base formation.
Overall, the bearish-dominated pattern is showing signs of loosening. If the market can stabilize in the current area and form a mild volume expansion rebound afterward, the bulls are expected to gradually regain the initiative, and market sentiment will also shift towards warming up.
Recommendation: Trade long around 2000 and 2030, with targets first looking at 2130, and on breakout looking at 2230.
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