$ACT

From the data, it appears that the bulls are closing positions within 24 hours, while the bears are also increasing their short positions (the outflow of the main contract in 24 hours is 38m, but the open interest only decreased by 10m, which is roughly only 1/4 of the outflow, indicating that the bulls have closed part of their positions, and the bears have also entered partially). The market trend is almost consistent with our previous prediction, hitting the previous support level of about 0.55. If this level is broken, the candlestick chart will look quite bad. If it rebounds from here, we also need to continue observing whether it is the bulls who are opening positions and pushing it up, or if it's a rebound caused by the bears closing positions. The former will have stronger continuity than the latter.

We are observing the line L2 in Chart 2 to see if it can form support. If it can form support and there is a sideways movement between L1 and L2, then the possibility of a subsequent rise is higher. If it breaks below, we will temporarily not consider bottom fishing. Currently, from the data alone, it does not look very optimistic. Those with positions can pay more attention to this support level.