Yesterday was Christmas, and the US stock market was closed, so there was not much fluctuation in the market, which remained in a state of consolidation. How will the market trend today?

Currently, the low point of 90200 on the four-hour chart is also the low point for this month, so this position potentially serves as a support level for a larger cycle. Therefore, even though there was a slight drop to this position in the smaller cycle yesterday, it did not continue to weaken. From the perspective of a larger cycle, it still maintains this consolidation range.

So I believe the current bottom is around 90000, which coincides with a resonance of larger and smaller cycles. At this moment, we can observe the current liquidity in the market, with a significant amount of liquidity around the 90000 area where there is a long liquidation position.

Thus, this price is a point we need to pay attention to. If the market continues to pull back and weaken in the future, we need to monitor whether this position can receive support again. If this position is broken directly by a bearish candle, I would consider a bearish outlook or even shorting, as this would demonstrate the strength of the bears. Our main strategy today is to focus on shorting during rebounds, first looking to see if the short-term level above can break the 10000 mark.