#美联储恢复降息进程 December 2nd midday outlook

The trend on the daily chart is quite clear: the previous three small bearish candles set the stage, followed by a large bearish candle that directly broke through the support, with the price almost touching the lower Bollinger Band. Although today's candlestick has a slight lower shadow, indicating some buying support below, the overall weakness of the bearish closing has already been established, and there is still significant short-term pressure.

Looking at the four-hour level, after two consecutive bearish candles, there was a small rebound, but the strength of the bulls is really insufficient, barely recovering much of the previous losses. This rebound seems more like a technical repair during the downtrend, very weak and not sustainable for long. On the moving averages, each cycle is in a bearish arrangement pressing down, and this small rebound cannot reverse the four-hour downtrend at all.

Personal opinion:
Consider shorting around 87000, looking for 86000.
Short position near 2825, target around 2775.

The expectation of the Federal Reserve cutting interest rates is still fermenting, and market sentiment is relatively cautious; everyone should be mindful of risk management.