The liquidity distribution of the futures market seems to have reached a balance;

It feels like after Christmas, at the latest next week, we should see a relatively strong market trend, with a significant amount of futures positions being liquidated both upwards and downwards, really reminiscent of the fluctuating market from the beginning of the year to mid-year;

Currently, I am still looking forward to the bullish liquidity in the 86500 area being completely liquidated before reaching new highs, and what I least want to see is a small range of fluctuations;

In the short term, prices above 100,000 may touch due to the inertia of short liquidity liquidation, but the original 4-hour bullish trend structure has been damaged during the recent week's pullback, so I personally speculate that after the rebound is completed, it will need to go down to test;

Looking back in the end, this will be another long-term large range fluctuation market;