During today's decline, liquidity was drained along the way. The accelerated drop was driven by futures contracts, while spot selling pressure is relatively lighter. CVD hasn't decreased much and is currently in a slight rebound.



The 66k level remains an effective demand zone. After Trump finished drawing the line, the price temporarily stabilized around this area. As long as the news environment doesn't worsen, 65k will still serve as the intraday low. The second half of the day will depend on the sentiment after the US stock market opens. Tomorrow is hard to predict; neither side is doing well right now. It's better to watch more and act less.
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