After liquidating 97,000 short liquidity last night, the price lacked the fuel to continue rising. At the same time, U.S. stocks were closed, leading to a weakened demand for U.S. dollar funds, and the price began to slightly pull back, with new short liquidity appearing again;
The ideal situation is for the price to continue rising tonight, clearing out around 98,200, at which point we can see if the shorts will give up and surrender;
If they surrender, it will continue to pull back and oscillate;
If it goes higher, the continuous short fuel can bring the price back below 100,000 to retest the psychological level;
Many times, if the price does not experience a significant pullback, it cannot stimulate the emotions of the shorts, but instead leads to a weakening bullish trend due to lack of fuel;
Subjectively, a large range of 105,000 to 85,000 may be forming, with a 20,000 dollar oscillation, which is indeed quite exciting;