Recently, the market trend can be summed up in one word—boring. It’s been bouncing back and forth within a range all day, and there aren’t many genuine trading opportunities. Last week through the weekend, it was pretty much the same; the price seemed trapped in a box, unable to go up or down.

Last weekend, we took some short-term long positions at the bottom, purely to catch a rebound, not because of a major trend. After all, the price is so low that a rebound is reasonable, but the key issue is—there’s a clear resistance level right above. So our trading mindset hasn’t changed: once the rebound reaches the target, look for opportunities to short.

Around 5 PM yesterday, the price surged with high volume, and many people asked if they should follow up with long positions. I understand this FOMO mentality, but the data tells me: no.

How many times have I repeated the critical resistance zone (90500-91000)? The high point of the rebound yesterday was stuck around 90300, still not breaking through 91000. This is the third time testing this resistance area. You all saw it before—each time it touched this level, it pulled back. Until the overall structure changes, why should we believe this time will break through?

Structure is what determines the overall direction. The current structure is very clear: weekly bearish, daily bearish, and hourly also bearish. The price rebounded from the bottom, reaching around 94000 at most, but that’s not a breakout; no effective structural reversal has formed.

If we really want to see a bullish trend, at least one of two conditions must be met: either a direct breakthrough of 94000 or a solid hold above 90500-91000. Until then, talking about a trend rally is just empty talk.

What’s the next step? The idea is simple—continue to wait, and wait for the structure to give a signal.