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1.21 Morning Thoughts
From the current market situation, the bullish momentum accumulated at high levels has already weakened. Continuous bearish candles have broken through key support levels, showing clear signs of capital fleeing. Although the price has slightly rebounded, the rebound is not a reversal. The overall trend has shifted to a bearish one. Morning trading suggestions are to buy on dips.
Market condition: Range of 2970-3000, with a downside near 2900.
Aggressive traders can enter in batches, with proper defensive positioning.