Mid-term view remains unchanged: There’s still one big crash coming, but the time hasn’t arrived yet. Once the major drop happens, it’s time to go all-in on spot positions—just go long. Short-term view: The range hasn’t broken yet, so there will still be a rebound. Not sure about the height, but I’m expecting the 79,000–84,000 range. This range offers an excellent risk-reward ratio. Since the drop on March 17, the volume has remained low—lower than the volume during the previous 74,000 drop. If the range is going to break and lead to a major drop, there should be more supply on the right side compared to the middle section. Also, the trading volume in this range is more active than the two distribution ranges above. Right now, every upward move within the range is followed by demand, while every downward move has less volume than the demand. Yesterday’s short-term dip buy orders have been opened. Patiently waiting to see how 72,000 and 74,000 perform.