Important moments for bulls and bears, the price range has reached the suppression zone at the arc's neckline, with the lower edge around 92K and the upper edge around 95K.

Additionally, we can clearly see from the chart above that the gray bar data on the right indicates that the core price range for chip distribution is between 96K and 97K.

Considering the neckline suppression and the data situation of chip distribution, we may not encounter a high continuation trend in the short term, as this area may be filled with long-short divergences, and a fluctuating trend may be the core price trend here.

Of course, once the market breaks through the neckline and the core price range of the chip distribution, the trading on the right will be triggered, and the expected upward space will correspond to the historical high around 110K. As for whether it can continue to push past the historical high later, we will need to see the specific situation at that time.