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The outlook for the Middle East situation is unclear. Oil prices are strengthening, gold is under pressure, and with “dà bǐng” holding up and moving upward steadily, it once tested our ultimate molybdenum target at the 80,000 threshold.
For today’s early-morning dip followed by a rebound, it shows strong resistance on both the upper and lower sides. However, the next phase is expected to be a high-level consolidation. Continue to watch the strong overhead pressure at 79,500–80,000, while watch the support at 77,000 on the downside.
After three straight days of gains, short-term pullbacks and corrections are more favorable for building up momentum for the subsequent surge. $BTC