Market Order Flow Data Observation and Analysis:
In the morning session, there was a large active buy order above 93K, but subsequently, between 93.4K and 93.5K, a state of increased volume stagnation occurred, indicating a divergence point for short-term funds. However, there was no significant outflow in open interest (OI), meaning that the bears have not completely taken control, and it remains a strong structure.
Short-term risk warning: The current price has seen three consecutive rounds of large upward movements, and there exists a certain amount of profit-taking pressure and liquidity cleansing above. If it fails to break above 93,500 with increased volume, a pullback for confirmation is likely.
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- A slight basis has appeared between spot and contracts, with capital inflow concentrated in the 1700–1735 range; the high Point of Control (POC) has moved horizontally but has not significantly increased, indicating ineffective upward movement at high levels which may suggest a need for adjustment due to rapid short-term gains.
Short-term focus on 1770–1785; if it cannot quickly absorb selling pressure, it will likely retrace to the 1740–1720 area to seek new support order confirmation.
