Recently, it has been really messed up!

First, we will test the 15-minute support around 105500, then we will pull you up again and continue the oscillation. The core purpose of this rhythm is very simple: to prevent the short positions below 104000 from being relieved, and to wash out the long positions that were chased at 108000. Those who understand, understand. I mentioned in the last live broadcast why we need to test 105500; the market has its own wicked taste. Check the profile for more info～

As the old saying goes: at the end of oscillation, be wary of a sudden big trend starting. For the 2-hour level, we first look at the resistance at 113200-114200, and the major reversal target at the 4-hour level is at 117500-119500. If it truly breaks through, 117500 is the reversal point I will prioritize.

As for whether we can still get on board? Looking at the long position at the 15-minute level now, it is still worth taking a chance. Short positions? I really do not recommend entering at this position on the 15-minute chart, for a very simple reason: I judge that this position is a wash, and after the wash, it will pull up. What does a bull market top look like? A bunch of people desperately buying, with explosive volume. And now? The trading volume is ridiculously low; I’ve never seen a top with so little popularity.

Support zone: 102000-101000

Resistance zone: 113200-114200

Will the market reach above 117500? We will see as we go.