Analysis and Recommendations for the Afternoon of the 29th

From a technical perspective, the price is facing multiple resistance levels, making it difficult to break the upward channel without strong buying momentum. Although there is a short-term technical rebound opportunity, the overall trend remains bearish. The four-hour chart shows signs of stabilization, but an effective breakout has not been achieved due to resistance at the upper boundary of the range, and the rebound momentum is clearly insufficient. The subsequent trading strategy remains unchanged, with a primary focus on shorting on rallies!
Trading Suggestions
Short near 88700-89200 on rebound, with targets at 87500-86800.
#金价突破5200美元 #内容挖矿焕新公测开启