BROCCOLI714 This wave of market movement is quite interesting.

It dropped directly from 0.02279 to 0.01763, a significant decline. But after that, it didn't continue to break the bottom; instead, it started to consolidate at a low level. This kind of stabilization after a sharp decline is a strong signal in itself. The advantage on the bearish side is quickly diminishing—the long-short ratio is reversing, and the number of accounts also shows that the bulls are gathering strength. The previous aggressive short pressure is now met with a strong rebound from the bulls.

Looking at the contract data, the open interest has remained high without collapsing, indicating that no one has truly been scared off. On the contrary, the number of active buy orders has recently increased significantly, showing that funds are actively entering the market to accumulate positions. Signs of low-level positioning are very clear.

From a technical perspective, the short-term K-line has been consecutively closing small bullish candles, gradually regaining lost ground. The MACD is approaching a golden cross at the bottom, although it is still below the zero line, this bottom signal is clear. As long as it can hold above the key level of 0.019, the upward space will open.

Bottom stabilization + funds entering + indicator turning stronger—this combination makes the long-side risk-reward quite attractive. Keep a close eye on the 0.019 resistance; once it is effectively broken, it will be an opportunity to go long.