The weekend doesn't seem to have extreme volume contraction and oscillation; instead, there are still some fluctuations. So, let's briefly discuss:
Yesterday, after the price touched the blue average support zone, there was a significant rebound. Thus, I judge that if there is a rebound, the target should be at the middle line. Subsequently, the price's rebound on Saturday was basically close to the middle line but did not touch it;
Therefore, it cannot be ruled out that there will be a secondary rebound targeting the middle line during the weekend, currently around 100500;
On the other hand, since the price quickly returned after falling below the lower edge of the oscillation channel (cyan line), we cannot define the current trend as a bearish trend, but rather as a corrective oscillation under a larger bullish trend;
When will this wave of correction end? It's simple, just wait for the price to stand above the middle line;
Before that, the correction is still ongoing. The closer we get to the blue average support line (currently at 89800), the higher the risk-reward ratio for going long. At the same time, as the price gets closer to the middle line, the risk-reward ratio for going short also increases;
Before the price confirms it has broken below the blue line and causes the entire channel to shift downward significantly, there is no need to shout 'the bull market is over, the bear market has arrived.' Just treat it as a range-bound oscillation market;
In the short term, as long as the price remains below the middle line for a long time and causes the channel to shift downward, the short-term price trend will favor the bears, similar to when the price remained above the middle line in the oscillation channel until it accelerated to test the orange average resistance level;
Personally, I still look forward to the price eventually testing the blue support zone.