Thursday: Breaking the high is also a false move, waiting for a high position to dive

Some things only appear after persistence, driven by experience and belief. Some people will realize this one day, as it is deeply hidden in their hearts.

The midnight market did not experience a pullback but continued in a fluctuating high state. Currently, the rhythm is still to maintain the price without diving, with bullish volume trying its best. There’s not much to say today, just a word: be cautious when chasing long, beware of a dive for liquidation.

From a technical structure perspective, on the four-hour level, the price is exploring high levels but has not shown a strong breakout. Instead, it is trying to maintain a high position, with moving averages showing slight fatigue. There is a demand for upward movement in the short cycle, but signs of stabilization are hard to come by. In the short term, it is fluctuating higher, indicating a frequent change between bulls and bears.

Today, we maintain our long-term bearish view, and when we see a spike, we short:

In terms of operation, I personally suggest shorting in the 99500-100000 range, looking at 98500-97500.