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The evening market overall showed increased short positions and a decline. The price dropped from around 61700 to a new low near 58000, then rebounded to around 60500 before falling again to near 58800.
The daily chart structure shows long positions shrinking in volume, turning from bullish to bearish, trading near the lower band. The 4-hour level shows a stepwise decline, and the hourly level sees gradually increasing short positions.
Friday early morning:
For the price around 59500-60000, short, looking towards around 58000-57000.
For the price around 1570-1600, short, looking towards around 1530-1500.
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