From the current market, we can see that after the short liquidity liquidation is completed, the price is currently constrained by the retracement level of the band high and low points of 0.618-0.66, and short-term long orders can be stopped here.
However, it should be noted that during this wave of rebound, the spot premium did not increase significantly, so it can be determined that the power of price increases mainly comes from futures! At the same time, the Nikkei index and US stocks have fallen to varying degrees!
Therefore, the rise here should consider the possibility of only a rebound!
