The big market move might be just around the corner

The key still depends on how tomorrow's daily K-line will perform. If it can break above 94,500, then the trend is basically confirmed. Conversely, if it cannot hold, we will need to continue testing this level back and forth.

However, there is a somewhat positive signal—the two large bullish candles on the 12th and 13th. From a technical perspective, they have preliminarily completed the accumulation and leapfrog actions described in Wyckoff theory. Moreover, during the fourth test, the shadow lines were not as long as in previous attempts, indicating that the bullish and bearish divergences are gradually converging, and market consensus is slowly forming.

But we shouldn't be too optimistic. Looking at the 15-minute chart, during the fourth downward probe, the trading volume was somewhat high, which suggests that the selling pressure is not as small as imagined.

So, ultimately, everything depends on the closing of the daily chart tomorrow. That will be the real watershed.