Strange. Market activity usually calms down in China by this time.. but there's decent buying pressure right now in China. What's happening?
I wouldn't say much is going on. This is all very low volume, and Huobi actually looks to be forming a rounded top. If we don't see any panic buying very soon, I think we will pull back.
Just the timing is really odd for this kinda volume. Plus 2950 CNY is being tightly held.. Panic buying might start later on. A lot of resistance to break before that happens.