The space above has been sealed shut by being welded in place, so any rebound is empty.

A push up and then a pullback is already a normal market pattern. Today saw two rounds of pullbacks, and taking 2,000 points on two short-term moves is absolutely fine.

The intraday rhythm is already very clear: early and late, there will be two attempts to probe higher, and both stop around the 650 area. Upward movement is met with resistance. As was also made clear earlier, a rebound is not a reversal—the short setup at the highs is the main rhythm right now.

On the 4-hour chart, the big pancake’s repeated probes higher have failed to extend into a continuation. At the same time, 656 has formed a double top. If, going forward, this level cannot be effectively broken, then all rebounds are traps to lure longs.

In the evening, continue to refer to 650 and take a short around 655. Look down to 635-625. Once it reaches the target zone, if it doesn’t continue, you can flip into a short-term long. #夏日创作营 #GUSD年化升至3.8%