For today, a short-term rebound may occur as prices enter oversold territory with a Bullish Divergence on smaller timeframes.

• However, if the rebound fails to pass $4,244, it is expected to be a dead-cat bounce before moving lower, with the first resistance at $4,150–$4,189.

• Open short positions if the price fails to break above $4,150; if it breaks above $4,150, delay selling to $4,189–$4,244 (Stop loss on short positions if it breaks above $4,244).

• Cover/buy back short positions if the price holds above $4,110–$4,109; if it drops below $4,109, delay covering to target the next support area around $4,065–$4,020.