The big rally surged as scheduled, smoothly reaching the 79.5k target level given yesterday. After touching this resistance level, the upside momentum weakened, and it quickly reversed to start a pullback.
As you can see, selling pressure at this spot is relatively heavy. The bulls were unable to continue breaking higher, and a large number of profitable positions got taken off the table, driving the price downward. The previously identified pressure level played out effectively—the market rhythm and our outlook are basically aligned.
Brothers who shorted around 79.5k can continue to hold. For those who didn’t get in, you can wait for a rebound to the 78.5k–79k range, then look to short again.
As you can see, selling pressure at this spot is relatively heavy. The bulls were unable to continue breaking higher, and a large number of profitable positions got taken off the table, driving the price downward. The previously identified pressure level played out effectively—the market rhythm and our outlook are basically aligned.
Brothers who shorted around 79.5k can continue to hold. For those who didn’t get in, you can wait for a rebound to the 78.5k–79k range, then look to short again.
