Since yesterday's rapid exit from the consolidation range with almost no substantial pullback, it is very clear that the US funds are pushing the market up. Building on the increased volume from the day before yesterday, the ETF is one of the main buying forces. The selling pressure between 97-98 is not sustainable, so during the second or third test, it is very easy to break through in one go, causing short sellers to be trapped and liquidated.

Short-term uncertainty has increased. Breaking below 955 will accelerate the test of the support level after the previous top transition. Therefore, around 94k can still be considered a primary buy point on the 1-hour chart. The overall trend is an extension of the 4-hour rebound phase. The final high will depend on the strength of spot market momentum. Currently, it is impossible to determine, but the probability of 98 as the high point is decreasing.