In yesterday's article, it was mentioned that if the short-term price breaks below 106700, it will further drop to around 104500, and it was suggested to go short. Currently, it seems the pullback has already occurred, but it is not recommended to continue chasing shorts, as this pullback falls within the 1h central oscillation range. After the pullback is completed, it should push up above 110000, so be ready to go long at any time.
Market Analysis
1h level, since the price has broken below 106700, it tends to operate a 1h level pullback. The specific position of this 1h pullback is uncertain, but you can pay attention to 104500~105500. If it directly breaks through 102000, it will be considered a trend reversal. Personally, I still lean towards a subsequent 1h level rebound leaving the central area and continuing to push up to 110000.
Short-term
15-minute level, I personally believe that everything below 106000 is good for going long. If the price falls below 106000, there shouldn't be much more space to go down, and it could end the 1h pullback at any time, then start a 15m level rebound. If it drops a bit deeper below 105000, the rebound will be relatively slower.
