Morning (UTC+7 Indochina Time) UPDATE

• Yesterday, the price broke below $4,293–$4,282, leading to further downside movement. However, selling pressure has begun to slow down, giving the market a chance for a short-term rebound today. Nevertheless, if the rebound fails to pass $4,403, caution is required as it could be a bounce before further decline.


• High risk tolerance: High-risk investors can attempt short-term long positions on the rebound if the price holds above $4,254 (Stop loss if it breaks below $4,254), targeting profit-taking at $4,318–$4,355.


• Low risk tolerance: Low-risk investors should wait for a price rebound and open short positions if the price fails to pass $4,403, covering/buying back if the price holds above $4,288–$4,254 (Stop loss on short positions if it passes above $4,403).