From an overall perspective, the sudden surge in the morning has filled part of the recent continuous downward decline. After the big coin broke through the point of 95,500, the momentum of the short-term has been further weakened, and the signs of recovery are quite obvious in terms of shape. However, the sudden surge is clearly stimulated by the fundamentals, as news about the China-U.S. tax negotiations has provided strong momentum for the price increase.

On the technical front, the indicators on the four-hour and hourly charts are highly unified, diverging upward, and there is still considerable space above in the short term. As the influence of the fundamentals gradually fades, the upward momentum will gradually weaken. After a short period of oscillation and adjustment, there will be an attempt to test the upper pressure level again.