$ACT

This act data is quite interesting this time, let's talk about it. We can see that at the 8h level, while the price is almost unchanged or even slightly rising, the main contract is flowing out and the open interest is increasing. It can be inferred that there are certain short positions starting to build here. Looking back eight hours, it's roughly in the area circled, where there are traces of short positions entering.

However, from a technical perspective, it has rebounded slightly after retracing to the Fibonacci level of 0.618. If it doesn't break below the 0.5 support level, technically speaking, it's a healthy correction. This is the conflict point between data and technical analysis. Personally, I lean more towards the data side, and short-term players should pay attention to the risks.

For long-term players, the same advice applies: if you are optimistic about act reaching a hundred billion, you shouldn't care about the fluctuations of these tens of points.