The market remains bullish at the moment, but the short-term wave of rapid upward movement has already shown signs of fatigue. After the price hit the 4500 level, the momentum clearly weakened, and fluctuations up and down have become the norm.

Yesterday's market action released three undeniable signals: First, a small double top formed around 4550, followed by a sharp decline; second, the price broke below the ascending channel support in the 4430-4450 range for the first time; third, since the retreat from high levels, a sustained downward trend has appeared for the first time.

Taken together, these three points are definitely not just a routine technical adjustment. The price may be facing double top pressure and diminishing upward momentum, requiring a deep retracement or even a broader cycle of oscillation to complete the correction.

Next, the market may move in two directions—

One is a repeated oscillation within the 4445-4550 range, where bulls and bears are entering a full battle for dominance. The other is if during the European session the price remains below 4495, it is likely to gather strength and initiate a deep decline, with key support levels at 4410-4400.

Based on this judgment, trading strategies can be as follows: Use 4495 as the bottom line for long positions, prioritize rebounds between 4480-4490, and look for support at 4450 and 4430. If the price falls back into the 4412-4407 range, that presents a good opportunity for low-buy positions.