The weekend saw the major resistance at 90,000 return empty-handed, and the sideways movement on Saturday was purely a smokescreen for the bears to gather strength.
During the weekend, market liquidity was scarce, and any emotional fluctuations could trigger a waterfall decline; the bearish momentum is fully charged!
In the evening, plan to position short orders around the target range of 89,200-89,700, with the first target hitting 87,600, and if it breaks, look down to 86,500.
