Has this wave of market activity not finished yet?

My opinion is: the adjustment is not over yet. That big bearish candle last night was indeed scary, but this pullback is actually normal. The key now is that there is a large number of short stop-loss orders piled up above 98000, and according to convention, the main force is likely to sweep that position.

I am temporarily holding back on operations. Although 90000 has held, I prefer to wait for the price to return to the 87000-88000 range before considering entering a long position—support at that level is more solid.

As for the subsequent trend? My prediction is: if it can stabilize above 93000 again, it is highly likely to continue testing the 97000-98000 range upwards. Of course, this is just my personal judgment based on the current market conditions, and it still depends on the volume support.