The distribution of market clearing liquidity appears to be evenly matched;

It feels like after Christmas, at the latest next week, we should see a relatively strong market trend emerge, with substantial futures positions being liquidated both up and down, really giving me a sense of that oscillating market from the beginning of the year to mid-year;

Currently, I am still looking forward to the bullish liquidity in the 86500 region being completely cleared before breaking new highs, while what I least want to see is a small range oscillation;

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

Ultimately, looking back, this will be another long-term large range oscillation market;

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