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Overall tone is slightly cautious: trend is still weak but selling pressure is easing, volatility risk is elevated, and price is near the lower end of recent moves.
Downtrend. Momentum is getting weaker.
Means
Selling pressure is still dominant in the short term.
Based on
High volatility. Volatility is expanding.
Means
Short-term swings are large, so pullback risk is higher.
Based on
Current level looks cheap.
Means
Price is near the lower part of its recent range, but it can still weaken further.
Based on
