On Tuesday, December 3rd, yesterday's basin can be described as earth-shattering. The low point soared from the 95,000 line all the way up to 97,435, then fell again to 94,400 in the early hours. It is currently rebounding and fluctuating around 96,200, which can be very volatile. We are positioned at the current price of 95,000, with a subsequent short at 97,000, perfectly capturing the market trend. You can refer to the last two analyses.
From the weekly chart, it can be seen that there is still a gap of nearly 4,000 dollars, a sharp drop from the last 98,800-90,800. This time, the basin wash is proceeding in a downward trend, and it is expected to touch around 93,187 today, followed by another rebound, continuing a double kill situation.
Upper pressure reference around 96,700/97,695, and I still suggest maintaining a high short operation.
As long as we are given a position for the initial warehouse at around 95,000, we will add to the position near 97,500 during the rebound, with a stop loss of 500 points, and the target is to take profit in batches at 955/947/932.
Note: If a decline occurs, the first wave is expected to drop to around 947/950, rebound around 500 points, then move down to 940, and then fluctuate again, making the target 932.