Last week, it was mentioned that the liquidity gap of 103k could become a pullback target, and it seems that the market is respecting this judgment!

HS:

Currently, the spot premium has not shown a downward trend, but remains at a relatively high level;

Starting from yesterday, there has been a gradual rebound, and the reason is simple: the weekend's market made too many people unable to resist chasing shorts...

The current divergence between futures and spot has slightly diminished because, during the rebound from 104k to nearly 106k, the spot premium did not increase;

This indicates that although the shorts chasing below have not yet been stopped out, many bulls have started to go long, thus achieving a balance in the premium.

It's time for the long and short sides to exchange nonsensical remarks again………

Next, we will see when a significant reduction in the premium occurs during the price rebound; that should be a turning point, and currently, I am still leaning towards around 106.5k.

Overall, the probability of forming a low-level oscillation range here has clearly increased! #韩国加密政策