First, look at the market data. This wave from 105,000 pumped to 110,400 can be considered a very strong Rebound, but after 110,484 was cleared, it immediately got dumped with higher trade volumes, indicating that the selling pressure above is still significant. Now it's stuck around 108,600, fluctuating, which is actually the area where the short-term bullish and bearish divergence is the most intense.

There are quite a few short position liquidation points piled up around 110,400 above, and the bears are defending this level very firmly. Once it breaks through, the bears will get dumped, and the market is likely to accelerate its pump.

The following 107,200 is also a dense area for long position liquidations; if it gets dumped with higher trade volumes, it will kill the bulls and be pushed down in the direction of the trend.

From the 1-hour candlestick pattern, after the pump last night, the trading volume clearly shrank, unable to break through 109,600, indicating that there is heavy cautious sentiment among investors. Coupled with the fact that it continues to consolidate tonight, combined with the liquidation distribution, everyone is afraid of getting dumped back and forth, and has not dared to act rashly.

The safest approach is: first observe, don't rush, wait for the direction to be confirmed before taking action.

If you really want to enter the market tonight, I personally still prefer to try going long with a light position at a low level, after all, the support at 105,000 has been pumped up, and structurally it is still biased towards strength.

What should we do tonight? First, wait for the direction. If we really want to take a shot, try a small position to go long; if it doesn't go up, withdraw decisively. Let's work together with 700 to layout for tonight, and don't get confused by the fluctuations.