The price once fell below the important threshold of 95,400 and temporarily stabilized near that area. From a short-term trend perspective, the strength of the bears is clearly dominant, and the market is showing a weak pattern. Currently, attention should be focused on the performance of the key support level of 95,000. If this level is effectively broken, the subsequent downward space may further open, targeting the range of 93,000 to 90,000.
However, despite the current market atmosphere being bearish, there are no obvious signs of weakening in the daily trend. This means that in the ever-changing market environment, the bulls may still make a comeback, bringing unexpected volatility to the market. Therefore, strict risk control must be implemented in operations to cope with various possible situations.
Water can carry a boat, but it can also capsize it. In an unpredictable market, recognizing the trend is key to survival and development. It is essential to closely monitor the dynamic changes in the market, especially the continuation of bearish actions. If the support level of 95,000 is successfully defended, the market is likely to welcome a rebound, making buying a more prudent choice at that time.