There are some matters today, so I'll update earlier. Also, as usual, the trading volume is reduced over the weekend, so there isn't much to report.
Not much to talk about,
Last night, based on structural analysis, I judged that the probability of a short-term pullback was higher, but the result was completely opposite to my prediction. Not only did the price rebound from 81300 to 84300, but it is currently still consolidating above 83000.
Generally speaking, in terms of weekend trading volume and liquidity, the upward momentum is obviously insufficient. Even if it continues upwards, touching 85000 would already be the limit. After that, a pullback is highly likely to begin, so it is not recommended to chase long positions above 83000.
Market Analysis
The 1-hour level still maintains my judgment from yesterday. The short-term top for the 1-hour rebound should be around 85000 or just below 84300. After that, a 15-minute pullback should begin, specifically observing the strength of the retracement. If it directly breaks below 81400, then it will continue to extend downward.
