This morning, after the price plunged below $4,234, the outlook turned 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 adjusted down to $4,255.

• Open short positions if the price fails to break above $4,315–$4,255 (Stop loss on short positions if it breaks above $4,371).

• Cover/buy back short positions if the price holds above $4,188–$4,200; if it drops below $4,188, delay covering to target the next support levels at $4,166–$4,130.