$Niu Lai gave a clear answer by midday: the rebound after the long lower wick did not turn into a trend. The first full hour after 11:00 closed at 0.07939, briefly moving above 0.0793, but the high was 0.08024 and it did not reach 0.0808; the next two full hours closed at 0.07760 and 0.07748, respectively, falling back below 0.0778, and the price was around 0.07682 before 14:00.

Contract open interest shifted from a 0.86% increase in the morning to a 0.66% decline, while the funding rate remained around 0.005% and the long/short account ratio was about 1.06. The verifiable fact is that price and positions declined together; the market inference is that rebound positions are exiting rather than new longs taking over.

Outcome: The 0.0793 recovery condition was briefly triggered and then invalidated; 0.0808 was not triggered, while the break below 0.0778 was triggered. There was no entry because no entry plan had been set beforehand. The next level to watch is 0.0751; if that fails, watch 0.0730.#牛来 #午间跟踪 #Results review