In terms of trading strategy, the recent rate cut has created a new high for the bullish trap, and the previous bullish chips at 93000 should also be liquidated. The upcoming operations will be very challenging in the short term; do not chase highs or panic sell, instead use a pullback buying strategy for short-term trades.

Analyzing the structural trends, if we move in a range between 99000-91000, a breakout would be an opportunity to increase positions by chasing highs.

If we directly pull up and form an N-shape in the 4-hour chart, the new short area will be above 10500.

If there is a bullish reversal in the 4-hour chart in the next couple of days, and we experience a sharp drop below the bottom, we can judge that the bullish trend has reversed. At that point, we can consider going long on a second drop that diverges from the bottom, aiming for a 2-3 day rebound on the daily chart. Afterwards, we can consider shorting when the bullish M-top forms on the 4-hour level. At that time, we may need to reach the previous range.