🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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The market structure has once again formed a trend of consecutive declines and retracements on the daily chart. The overall weak structure of the market is also quite obvious, so it is not necessary to go long just because there is a rebound. The trend on the 4-hour chart is mostly dominated by bears' sentiment. Since the previous high-pressure retracement, the rhythm has been running with fast declines and slow rises, and the current downward trend is also clear at a glance. Therefore, a short-term rebound will not change the overall weak structure, so the operation must continue to be bearish.