Recently, the market data seems to be taking root in a certain oscillation range at the 4-hour level, but upon closer observation, every detail tells the same story – the short positions have not truly relaxed their vigilance.

The price of the currency has attempted several times to stop falling and rebound, but it just lacks the strong buying power to take over. This kind of "using time to replace price increase" strategy essentially reflects that each rebound peak is lower than the last, and buyers are gradually losing their temper. The market would rather choose to slowly consolidate than to experience a strong rebound; behind this is actually the shorts continuously accumulating strength during the fluctuations.

From a technical perspective, the silence in trading volume coupled with the lack of fundamentals makes this correction easily evolve into a typical bearish continuation pattern. In the narrow zone of capital exchange, there are sellers stepping in at highs, and each small upward move presents an opportunity for short positions to re-establish. The key levels that should support the price have become a bit unstable after repeated testing. The market's patience is wearing thin, and the risk of a breakdown continues to accumulate over time.

The overall pattern has not really changed; the temporary balance is just a superficial article, and short positions remain the dominators. In the absence of new large buy orders and substantial positive news, the longer it stays flat, the stronger the breakout force will be when it eventually breaks downward. We must be vigilant for the market to suddenly make a decision in this calm; once it chooses to go down, this round of decline could directly break the current stalemate and continue the previous short positions rhythm.