The market will never have a one-sided extreme, whether it's a bull or bear market. The recent sharp rise and fall is essentially the main force washing out positions, pushing them back into a balanced range. There may be short-term pullbacks, but as long as the key levels hold, the oscillating pattern remains valid.
Although the current trend appears weak, if a double bottom forms during the pullback without breaking new lows, it is likely a signal of a potential bottom, and there may still be room for premium; if new lows are broken, then attention should be paid to 110K. The strong support below is at 108.8K, and if it dips into panic and quickly rebounds, that would be a real opportunity to get on board.
