Mid-term outlook remains unchanged:



There is still a major crash ahead, but the timing is not yet here. After the big drop, buy the dip in spot markets—only go long.

Short-term outlook: The range hasn't broken down yet and may rebound. The magnitude is unknown, but I expect the 79,000-84,000 range, which offers an excellent risk-reward ratio.

Since the decline began on March 17, trading volume has remained low, even less than during the previous drop to 74,000. If a breakout occurs, a sharp decline is expected, which should involve more supply on the right side than in the middle segment.
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