ASR-VC indicator 4h channel status update:

The price has started testing the mid-line as expected, while the spot premium index has gradually risen near the 0 axis, indicating that there are signs of a recent recovery in spot demand.

Based on the confirmation of the breakthrough of the middle track, it can determine the overall trend for this week.

If it cannot break through, then a downward retracement to test the 79k-81k demand zone is very likely. If it breaks through successfully, we can see a small new high around 91k~92k!

After all, from the perspective of indicators, it is still in a standard range oscillation market. If it doesn’t go down, it will go up for a test; if it doesn’t go up, it will come back for a test. However, the volatility in the next two weeks should increase, as the past volatility has already gone through a contraction period. Theoretically, the pace of volatility should intensify next.

Let's wait for the price reaction on the mid-track for specifics!