Market outlook for the morning of January 7, 2026

The current chart shows a structure similar to an arc bottom, and the appearance of consecutive bullish candles has indeed stimulated short-term market bullish sentiment. However, it is necessary to calmly review the previous movement rhythm—how the price was rapidly driven up, and how it encountered concentrated selling pressure and fell back during the early morning hours. The frequent rise and fall essentially constitute a typical high-level shakeout, with a repetitive rhythm and strong destructive power, not a healthy accumulation.

In the early trading session, the price once again approached the key resistance zone around 93500. This area has repeatedly acted as a "pullback point" in historical trends, and its effectiveness has been repeatedly validated. From the current technical structure, the bears still hold the dominant position: the short-term moving average system is arranged in a death cross, forming clear resistance to rebounds; during the upward movement, trading volume has not increased synchronously, showing prominent divergence between volume and price; profit-taking at high levels is dense, and once the upward push is blocked, selling pressure is easily concentrated and released.

Overall, this rebound is more likely to provide a time window for the bears to reconfigure rather than mark the start of a trend reversal. Before clear incremental funds enter the market, maintaining a defensive mindset and avoiding emotional chasing is still the better choice.

Operational reference:
92900–93500 range, watch for resistance signals, gradually build short positions
Lower target: first watch 91500–91000; if effectively broken below, further focus on the support at 90000