For twelve consecutive K-lines, the funds are all being pulled out—none of the red candles has ever broken. In plain terms, on the spot side, people have been dumping/ selling into it continuously; there isn’t anyone actually stepping in with real cash to take the position. At the same time, the open interest has also dropped a notch. The price is just being pushed upward a little by momentum—this kind of move is the classic playbook of the main force: pull it up while quietly withdrawing. Even though the cumulative gains over the past seven days are still showing, the hands that can push it are already loosening their grip; the momentum quadrant has been judged to be in a depletion/ exhaustion zone. The bulls are still waiting for another attempt to touch a new high, but the order-book depth on the bid side is so thin it’s like paper. I can’t be bothered to hear another bullish tale about this wave—whoever wants to catch it, let them. I’m not sticking around.