On Friday, the rebound failed to pass $4,373, leading to continuous selling pressure until this morning when the price broke below $4,234, making the outlook clearly negative. For today, if the rebound fails to pass $4,371, it is expected to be a dead-cat bounce before moving lower, with the first resistance at $4,315–$4,300.

• Open short positions if the price fails to break above $4,315–$4,371 (Stop loss on short positions if it breaks above $4,371).

• Cover/buy back short positions if the price holds above $4,223–$4,200; if it drops below $4,200, delay covering to target the next support area around $4,166–$4,109.