1. At this stage of market development, the short-term trend shows a balance of power between long and short positions! Additionally, with substantial profits from previous gains, those who should have exited have done so, making high-level fluctuations inevitable!
2. From a technical perspective, the 1-hour trend is bearish, indicating a need for a correction! The daily price is in an upward trend with a 'fueling' state, and without any sudden negative news affecting it, the overall trend remains absolutely bullish!
3. Today is Saturday, and the market news is light. Focus on the resistance levels at 98.8k and 99.6k above, and the support levels at 97.2k and 96.8k below! Short-term contract players should primarily short on highs!
4. In trading, you are trading with your own heart; it is a game of minds between people! Every trade must have a good mindset, reasonable risk control, and technical analysis. These three elements are essential conditions for a trade, and none can be lacking!