Double Boi surged intraday to 2348.92 then quickly fell back, with a clear double top pattern forming above 2330 on the 15-minute chart. The high level saw decreasing volume and stagnation, with divergence between volume and price; bullish momentum has already exhausted.

We remain firmly bearish, positioning on rallies, as rebounds are just opportunities to short, and declines are the main trend.

Don't be fooled by the short-term bullish candles of Double Boi; the correction in a downtrend has never been about building a bottom but a gentle trap for counter-trend traders.

After surging to 2331.88, this wave quickly weakened, and the long upper shadow revealed heavy selling pressure above. Every rebound is draining bullish strength, while bears are accumulating momentum.

Evening Strategy

Short positions can be arranged around 2320-2350 for Double Boi, aiming lower; if 2280-2250 breaks, continue to watch for a move down to 2200.