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GPS/USDT Market Observation: The current price is trading below the key moving averages, and the RSI is in a neutral to weak position. The overall technical outlook indicates a bearish trend. In the short term, although there is a rebound opportunity, the overall trend should still be approached with caution.
Regarding key levels, it is important to focus on whether the moving averages can form effective support. The RSI indicator suggests that selling pressure still exists, with no clear signs of reversal.
Overall, the mid-term risk of the GPS rally outweighs the opportunity. Short-term traders may consider shorting at rebound highs; long-term holders are advised to control risk exposure. Moving forward, close attention should be paid to the interaction between price and technical indicators. Once the price reclaims the key moving averages, the bearish pattern may truly change.