The current market is experiencing sustained higher trade volumes from long positions, peaking near 106000 without a breakout, which also indicates that the selling pressure remains strong. Looking at the hourly chart, the price has currently reached the Overbought zone, and the market is expected to see a pullback in the short term. If today's closing price does not drop below 104000 during this pullback, the market will enter the next round of price increases to test new highs; otherwise, there will be room for further pullback and consolidation. For current operations, it is advisable to take a short position at the current price to watch for a slight dip, without overanalyzing. Wait for the trend to clarify before making any unilateral plans. #PI#
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The current market is experiencing sustained higher trade volumes from long positions, peaking near 106000 without a breakout, which also indicates that the selling pressure remains strong. Looking at the hourly chart, the price has currently reached the Overbought zone, and the market is expected to see a pullback in the short term. If today's closing price does not drop below 104000 during this pullback, the market will enter the next round of price increases to test new highs; otherwise, there will be room for further pullback and consolidation. For current operations, it is advisable to take a short position at the current price to watch for a slight dip, without overanalyzing. Wait for the trend to clarify before making any unilateral plans. #PI#