$AUCTION Short-term low-level fluctuations, short-cycle capital outflow intensifies, long-cycle capital is bullish
If there is no significant support in the $17-$18 range, we need to be cautious of further declines to the $15-$16 support area; if the market breaks through the $19-$20 resistance level with volume, there is an opportunity to test the $22-$24 range.
!!! Key analysis of capital flow:
Spot capital: Short cycle (15 minutes to 12 hours) differentiation intensifies, with net inflow in the 15 minutes to 1 hour (15 minutes +$227.58K, 1 hour +$330.53K), but the 4-hour period turns to net outflow (4 hours -$45.26K), indicating that short-term bottom-fishing capital is quickly withdrawing, increasing selling pressure; long cycle (10 days to 60 days) turns to net inflow (10 days +$94.62M, 60 days +$253.58M), showing strong bullish sentiment in the medium to long term.
Contract capital: Short cycle (15 minutes to 12 hours) continues to show net outflow (15 minutes -$132.28K, 1 hour -$34.03K), indicating profit-taking by bulls or increased strength of bears; long cycle (10 days to 60 days) turns to net inflow (10 days +$110.10M, 60 days +$44.46M), consistent with spot capital, showing confidence in medium to long-term bullish sentiment.
Operational advice: With the short-cycle capital outflow intensifying, avoid blind bottom-fishing; conservative investors can wait for short-cycle capital to stop flowing out, for the price to stabilize, or to break through $20 before considering to enter in batches, and pay attention to the continuous inflow of long-cycle capital.
