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Market Context (Market Environment): Currently in the Trading Range (Trading Range) after Bear Breakout (Bear Breakout). The price broke below the $3,000 level and is now oscillating between $2,920 and $2,960, representing a typical Trend-Range Transition (Trend-Range Transition) phase.
Key Bars (Key Candles):
Bar A (Large Bear Candle): Breakout Bar (Breakout Bar) that broke below $3,000, with a large body closing at the lowest point, establishing bearish control.
Bar B (Signal Candle): Bull Reversal Bar (Bull Reversal Candle) appearing near $2,940, but lacking Follow-through (Follow-through) afterward, indicating that buying was merely short covering rather than active buying.
Key Levels (Key Levels):
EMA 20: The price is currently clearly below the 20-period Exponential Moving Average, with a downward slope. Any rebound toward the EMA is a potential short entry point set by the 20-Gap Bar (20 Moving Average Gap Bar).
$3,000 Magnet (Magnet Level): Once a strong support, now turned into a major Resistance (Resistance).