Regarding the large pancake bottoming out with a red candle on the three-day line, after nearly a free vertical drop, it received effective support and has seen a slight rebound. Currently, many big players are saying we are in the rebound phase of the B-wave. However, the red energy in the daily MACD is increasingly heavy, and there is a double crossover resistance zone at the high peak. At that time, as long as one is not too foolish, they will go short and set a stop loss a few hundred dollars above. However, in the current market trend, there has been no successful breakthrough above the high peak of 108330, and it has started to move towards a correction route. The second rebound met the resistance area of the top 4-hour long and short battle at 99500, where a V-shaped reversal still appeared, and the rebound peaks are getting lower, with the pivot point also moving downwards. The bulls are retreating step by step, and with the weekly KDJ closing red last week, there has already been a crossover situation. I still think the important direction is determined by the monthly support at 96200. Of course, on the hourly level, I don’t need to say, the left previous high serves as a trend identification direction. But one thing is that you absolutely cannot see where the resistance line of the left previous high is located, 😂 and that is my value 😏. Breaking through the left previous high might lead to a false breakout, after all, the resistance in the right front is something the main force does not want to pull. In any case, it’s not a big deal; I can always short a bit at a lower position.