Yesterday was another wide fluctuation, a night of battle between bulls and bears.
The previous article mentioned two key positions, 92000 and 88700. Whoever stands above these positions first, the market is likely to continue in that direction. The bulls stood above 92000 at midnight in the four-hour level closing and repeatedly pulled back without breaking the previous low.
Now the pressure is on the bears, most bear liquidation prices are concentrated between 95000-100000. Before the price breaks below 89300, the probability of reaching this range is still quite high.
The 15m band still mainly favors the bulls, with the first stop loss at 90200. Breaking below that only indicates that the bulls are temporarily weak, and it does not mean that one can short.
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