$Bull Is Coming: In the afternoon, the rebound was first confirmed to have failed, then prices quickly recovered. The price bounced back fast, but positioning did not keep pace, making this look more like a high-volatility range than a confirmed trend.

As of 16:59, spot was around 0.05785, up 1.63% over 24 hours. The full 15:00–16:00 one-hour candle closed at 0.05549, triggering the morning’s 0.05580 invalidation condition; the current hour then rebounded to around 0.05768. Open interest was still down 1.45% over 24 hours and had increased just 0.24% over the past three hours. The verifiable fact is that the key level was first breached and then reclaimed; the market inference is that short covering was the main driver, with limited strength from new longs.

There was no formal entry plan beforehand, so no entry was made. Wait for a full one-hour candle to close back above 0.05780 before looking toward the four-hour EMA50 near 0.05846. A fall back below 0.05660 would weaken the rebound; a break below 0.05550 would put 0.05350 back in focus.

Position concentration and complete token-unlock data remain insufficient.

#牛来 #行情复盘 #Risk Management