The short liquidity has been liquidated, and currently, the main short-term liquidity left for long positions is between 103k and 102k;

The small-scale long trend structure has been disrupted by this sudden and rapid pullback. Although it created a long wick, it did indeed break down slightly, so the current trend structure has shifted from a small-scale long trend to a consolidation structure;

If there is a rebound during the day followed by a drop below the morning wick, then the small-scale trend structure can be considered to have turned bearish;

Therefore, I am not in a hurry to look for the liquidation of long liquidity; let's first confirm the trend structure before discussing further, and I will update you when necessary;

The ASR channel analysis indicates that it is more likely to form a triangle convergence structure here, so I subjectively speculate that the long liquidity below will be the target for a false breakdown in a small triangle, while the significant long liquidity at 110k will be the ultimate target for the large triangle's liquidation. Of course, it is also possible that after liquidation, it turns into a false breakout~

In conclusion, the overall structure at the moment is entirely in a chaotic state; macro data does not provide a clear narrative, and external geopolitical crises come in waves without coherence. This is not a suitable time for trend trading. If you do not prefer short-term trading, then it is advisable to choose to rest and observe.

Good hunters, treat well!

A truly good hunter treats well and waits!