How is the market looking today?
1. Last night, the price just broke through 95.5k, but it has been somewhat stagnant in the last couple of days. Although we are at a high level, the sentiment is a bit 'overheated'. For example:
Even though the number of people buying above 95k has surged, there hasn’t been a clear breakthrough, indicating speculation about the future, but in reality, it might be stuck. During such times, it’s easy for the big players to 'cut the leeks'.
2. The market has been testing the 95.5k-96.5k range, which has been tested multiple times before without breaking. Although it’s a new high, the RSI hasn't spiked in tandem and has actually started to decline, indicating weak upward momentum.
3. The market moved up to around 95.7k-95.2k and then started to go down, with a target range at 93k-92k
