December 16th Auntie's Early Market Technical Analysis In the past few hours, the candlesticks have been closing consecutively in green, with the price gradually rebounding from the lowest point of 2900 to around 2980. However, the recovery is relatively weak. Previously, there were a large number of bearish candlesticks, including last night’s sharp drop at 22:00, where the price plummeted from the high of 3150. The MACD is below the zero axis, with the fast and slow lines showing signs of recovery but still leaning bearish. The weakening histogram indicates a decline in bearish momentum. The RSI is around 35, slowly rising after being severely oversold but still hasn’t exited the weak zone. EMA7 < EMA30 < EMA120, with multiple moving averages showing a bearish alignment. The current price is close to EMA7, indicating short-term resistance pressure.