In the afternoon, the market was suppressed below, and in the afternoon, the upward movement broke through strongly, sweeping 350 points. Although there weren't many gains, it was indeed a pity that it couldn't continue the 20 consecutive rises. The 19 consecutive rises came to an end. The most regrettable part is that the second contract just managed to hold on without breaking the last pivot point of the daily trend. However, the first contract broke through, which is a bit concerning. If the second contract holds, there would be expectations for a pullback, and then the first contract would also go down a bit. But it is what it is, no excuses. Then, with the second contract suppressing it, it moved south again for a short distance, advancing 400 points directly to recover the losses from the earlier gains. Not much more to say, whether it’s the earlier 19 consecutive rises or the afternoon's pullback, the focus should still be on the subsequent trends......
In the short-term trend, the market is still in a tug-of-war, whether it's the upward movement of the leading contract or the continuous downward movement of the suppressing contract, both showing strong momentum, but it just hasn't been sustained. It has been running within the Bollinger Bands of the daily trend. Meanwhile, the fundamentals are frequently changing, with false signals for both upward and downward movements. It seems like a storm is coming. However, the lower fluctuating range has broken upwards first, and the turning point has also been breached, showing strong momentum, so a low entry might be in order, or a rebound could lead to a higher suppression, let's first watch the range.
In the evening, expect the market to be around 106300 to 105800, looking for 107700 to 108300. Rebound to this range then suppress again. $BTC