The short squeeze is going on as planned. The current rebound is relatively rapid. Stabilizing at $58,200 will open the upward path to the $60,000 mark, and the extreme position may reach around $60,300.

However, it is not advisable to chase more at present, but wait for the opportunity to gradually step back. It should be noted that there is a large selling pressure in the $59,500 to $60,000 area, and it is unlikely to rise directly unless there is major good news.

The market will pay attention to the consumer price index (CPI) data and unemployment benefit data tomorrow, Thursday, which will affect the market trend.

Today's strategy is to observe whether the market can stabilize and make shock corrections.

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