Today’s daytime breakout failure, and the subsequent retracement in the evening, basically indicate that the short-term market’s squeeze-up condition is temporarily easing.

It’s no longer advisable to chase longs aggressively. You need to consider the market sentiment cooling off; it may start to undergo a pullback correction. However, this doesn’t mean the bullish trend is gone—it's just temporarily going dormant.

I informed earlier that long positions around the 87,000 USD area should be trimmed. At this point, the remaining position has returned to its cost basis, so you should be more cautious and consider retreating. As the market enters a correction phase, support should exist in the 84,500–84,000 USD range. This area will also be our reference buy-in level for the next round of longs.