Analysis of the Market Outlook on the 2.4 Afternoon

The current market downtrend continues, with rebound strength clearly lacking. On the four-hour chart, the price repeatedly encounters resistance near the middle Bollinger Band and pulls back. The brief upward movement is only a technical correction. The three Bollinger Bands are narrowing downward simultaneously, indicating that selling pressure is still intensifying. The hourly chart has already broken below the middle band support, which continues to move downward, forming a clear resistance level. Bearish momentum is further dominating. Overall, the market remains in a downward trend, with no reliable signs of stabilization. It is not advisable to rush into counter-trend positions at this time.
Trading Suggestions
Sell near 76900-77400 on rebounds, with targets down to 75600-75000. If broken, continue to watch for a drop to 7w4.
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