Continuing to pull back as expected, consider long positions around 90,000
The market continues to decline to around 91,000, with CME gap fill below expected around 90,300-90,000 range. At this price range, the risk-reward ratio for taking long positions is quite attractive
We said to expect a pullback above 93, and our judgment remains correct
Next, we need to see if the market can stabilize and rebound as expected around 90,000. If it stabilizes and rebounds, we believe it can reach 97-98
The estimated timeline could be by the end of the second week of January, before the 15th
After reaching 97-98, there's a new consideration: Can it further rally to the 102-107 range, or will it decline from there
If it continues to rise, it will reach the 102-107 range before the January FOMC
If it doesn't continue to rise, then the rebound ends
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin
Market Perspective
Continuing to pull back as expected, consider long positions around 90,000
The market continues to decline to around 91,000, with CME gap fill below expected around 90,300-90,000 range. At this price range, the risk-reward ratio for taking long positions is quite attractive
We said to expect a pullback above 93, and our judgment remains correct
Next, we need to see if the market can stabilize and rebound as expected around 90,000. If it stabilizes and rebounds, we believe it can reach 97-98
The estimated timeline could be by the end of the second week of January, before the 15th
After reaching 97-98, there's a new consideration: Can it further rally to the 102-107 range, or will it decline from there
If it continues to rise, it will reach the 102-107 range before the January FOMC
If it doesn't continue to rise, then the rebound ends
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin