In the early hours, the inclination is towards a bullish outlook. If there is a rebound in the Asian market, it can be followed up accordingly. Recently, attention should be paid to the influence of large capital selling pressure and ETF fund flows, as the technical indicators also show some bearish signals.
Key focus on the support strength at the critical level of 116000; if it cannot hold, it may trigger stop-loss orders in algorithmic trading, accelerating the downward momentum.
