In the early morning, the market experienced a wave of spot sell-offs, which directly drove the prices down. This operation confirmed a secondary divergence signal on the weekly chart, but interestingly, the price quickly rebounded around 110500 and 4600, indicating that it did not directly break through the key support level.
During the day, the market is likely to have a rebound demand, with highs possibly reaching between 115500 and 116000. The first half of this week may see repeated fluctuations in this area. However, don't just focus on technical aspects; it's crucial to be aware of macro liquidity risks—this can be far more dangerous than technical divergence. If liquidity issues arise, the market can change its stance in an instant.
Lastly, to be blunt, if the price rebounds to around 115500, short positions can be considered in the short term, but don't be greedy; keep an eye on market changes at all times.
