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Friend, the 73,300 level is being closely watched by both bulls and bears. Today, let's use three hardcore indicators—Williams Fractals, Magic 9-Turn, and ABV—to reveal the cards held by the major players one by one.
First, let's look at Williams Fractals.
On the 4-hour chart, today's high of 74,440 has already formed a new upper fractal, representing the peak pushed by the bulls. The lower fractal near 72,000 remains valid. What does this mean? The bulls just launched a punch and are now pulling back to defend. The price is trapped between these two fractals—whoever breaks through first will take the lead.
Next, the Magic 9-Turn indicator.
This indicator specializes in identifying turning points. On the daily chart, we are currently at TD8, and TD9 has not appeared yet. This indicates that the daily correction signal has not been confirmed, and the bulls still have some strength left. However, on the 4-hour chart, TD9 has already appeared, so chasing the high in the short term may not be cost-effective.
Finally, ABV—the most truthful indicator.
When the price reached 74,440 today, volume was the key factor. The ABV indicator shows whether this rally is driven by volume increase or if there is divergence with declining volume. If it's the former, then 74,440 is just a test of supply, and there is room for further upward movement; if it's the latter, then this high marks the short-term ceiling.
Combining all three indicators, the conclusion is very clear:
Williams Fractals define the trading range, the daily Magic 9-Turn hasn't topped out yet, and ABV determines whether this rally is genuine or fake. Currently at 73,300, keep a close eye on the two extremes at 74,440 and 72,000.
Finally, I have a question for everyone: tonight, are you betting on a breakout above 74,440, or waiting for a retest of 72,000? Share your opinion in the comments!