The current position is not far from filling the second CME gap. Once this area is fully absorbed and stabilized, the upward channel can reopen the situation.

To be honest, this dip is nothing surprising — it’s completely within expectations. My view is clear: this is just a phase in a larger-scale consolidation cycle. Essentially, the market is shaking out those participants who lack patience and confidence through repeated pulls before truly starting an upward move.

The most important thing is to stay calm. Let the market complete its process within this range, don’t be led by intermediate fluctuations, and most importantly, don’t let emotions take control of your trading.