3.7 Double Bottom Afternoon Analysis

The double bottom trend clearly shows a bearish dominance. After a sharp rise to 2174.07 in the early session, it quickly retreated, forming short-term strong resistance. Subsequently, the price continuously broke through moving average supports, with the 15-minute chart displaying a standard downward structure. The highs are gradually decreasing, and the lows are constantly being refreshed, forming a typical downward channel with a firm bearish trend.

On the weekly chart, the moving averages are arranged in a bearish alignment, indicating an overall downward trend. The 2100-2200 zone above is densely packed with strong resistance, making it difficult for the bulls to break through. The four-hour rebound lacks volume and strength, indicating a correction within a downtrend rather than a trend reversal. Any upward movement is primarily a trap by the main force to induce buying, so do not be fooled by short-term rebounds.

Trading suggestion: Short around 2120-2150, targeting a decline to 2050-2000, with a break below 1980.